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International

EU loses 60 billion euros due to the tax of offshore companies - media

17:25, Tuesday, 07 November, 2017
EU loses 60 billion euros due to the tax of offshore companies - media

The EU annually loses 60 billion euros in taxes on profits of enterprises due to the fact that international companies are registering a legal entity in the so-called tax oases. This is about one-fifth of all tax deductions from companies in the EU, said on Tuesday, November 7, newspaper Süddeutsche Zeitung.
     The publication refers to the calculations of the French economist Gabriel Zucman. According to him, the most under-Germany - EUR 17 billion, or almost one-third collected in the country of Corporation tax.
     France would each year gather with 25% more taxes, Britain - 20%, writes the Süddeutsche Zeitung.
     As the newspaper notes, the majority of the potential tax revenues of Germany loses not because of the registration of legal entities in the Caribbean. In two thirds of cases the cause be tax havens within the EU - the Netherlands, Ireland or Luxembourg.

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