Paulo Núncio, the former Secretary of State for tax affairs, said that he took "political responsibility" for not publishing details of the €10 billion in transfers to offshore tax havens between 2011 and 2014.
The socialist party said Núncio’s admission proves neglect by the former PSD CDS-PP coalition government in not following up this significant financial outflow and in not allowing Tax Authority inspectors to check that the sources of the money were legitimate and that the account holders were fully tax compliant.