That’s one trillion euros not spent on schools, hospitals and other vital public services.

The European Commission announced new proposals to tackle tax dodging by multinational corporations recently, including public country-by-country reporting and a common list of tax havens – proposals contained in a Labour report approved by MEPs last year.

“The recent Panama Papers revealed tax avoidance on an enormous scale, with an estimated 1 trillion Euro loss in public finances – that’s one trillion euros not spent on schools, hospitals and other vital public services, one trillion euros the global super-rich have robbed from the taxpaying public,” East Midlands MEP Glenis Willmott said.