The EU is losing 60 billion euros due to tax offshores

07 November 2017, 20:38 | The Company
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This is reported by the newspaper Suddeutsche Zeitung.

The publication refers to the calculations of the French economist Gabriel Tsukman. In his estimation, Germany is the most underpaid - 17 billion euros or almost a third of the corporation tax collected in the country.

In addition, France could annually collect 25% more taxes, Britain - 20%.



Most of the potential tax revenue of the Federal Republic of Germany loses not because of the registration of legal entities in the Caribbean Islands. In two-thirds of cases, the fault is due to tax havens within the EU - the Netherlands, Ireland or Luxembourg.

As previously reported, "URA-Inform", at least 10 million pounds sterling the reigning Queen of Great Britain invested in off-shores of private wealth. According to recent data, the Duchy of Lancaster has invested in two offshore companies in the Bermuda and Cayman Islands. In particular, this happened in 2004 and 2005.




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