The Tax Havens Attracting the Most Foreign Profits #infographic

The Tax Havens Attracting the Most Foreign Profits #infographic

When it comes to attracting multinationals to actively transfer their profits from their high-tax native nations, it is not considered to do so on anywhere in the world on such a scale as Ireland. Tech giants Apple, Google , and Facebook all benefit from favorable conditions in the area, collectively booking sales of tens of billions of dollars a year. This resulted in $126.2 billion in revenue in 2017 and a net tax income of $6.2 billion for Ireland—67 per cent of all corporate tax receipts.

Researchers estimate that around 40 per cent of all corporate income is shifted annually to tax havens. While the countries listed in this chart are the beneficiaries of this corporate conduct, for so-called 'high-tax' countries it has added more than $700 billion in lost revenue. Germany was the biggest hit in 2017, where 26 percent of corporate tax revenue moved outside its borders. Similarly, although the US lost 19 per cent, the United Kingdom lost 25 per cent.

The Tax Havens Attracting the Most Foreign Profits #infographic


infographic by: www.statista.com

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