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Switzerland s tax haven reputation runs deep even with reforms

Colonialism Redux: How the EU Is Punishing a Tiny Island Nation for Not Playing Fair – The Diplomat

Colonialism Redux: How the EU Is Punishing a Tiny Island Nation for Not Playing Fair – The Diplomat
thediplomat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thediplomat.com Daily Mail and Mail on Sunday newspapers.

Switzerland responsible for $13 billion in losses to tax evasion globally

Switzerland responsible for $13 billion in losses to tax evasion globally Bermuda came in third on the Tax Haven Index, just after the British Virgin Islands and the Cayman Islands. Switzerland came in fifth. Keystone / Cj Gunther Switzerland benefits from tax abuse by companies and individuals to the tune of around $12.8 billion (CHF11.9 billion) according to a new global ranking. However, it also loses out on $5.7 billion in revenue. This content was published on March 14, 2021 - 13:51 March 14, 2021 - 13:51 NZZamSonntag/TagesAnzeiger/jdp According to an analysisExternal link by the Tax Justice Network published last week, Switzerland comes in fifth in the Corporate Tax Haven index, which captures how intensely a country’s tax and financial systems allow multinational corporations to shift profit out of the countries where they do business.

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