IRELAND NAMED AS ‘WORLD’S BIGGEST TAX HAVEN’

Public Finance International on 12th August reported that Ireland has been dubbed the biggest tax haven in the world in a study carried out by academics at the University California, Berkeley and the University of Copenhagen that claims that foreign multinationals shifted €90 billion of corporate profits to the country in 2015.  The study said the profits hidden away in Ireland was more than those in all of the islands in the Caribbean combined (€83 billion) and well ahead of Singapore (€60 billion), Switzerland (€49 billion) and the Netherlands (€48 billion).

https://www.publicfinanceinternational.org/news/2018/06/ireland-named-worlds-biggest-tax-haven?src=ilaw

The study is at –

http://gabriel-zucman.eu/files/AJZ2018.pdf

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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