Little Nations But Big Tax Havens
Some of the smallest countries in the world are the largest tax havens for companies and individuals
By
Last Updated: Apr 27, 2013, 06:07 IST1 min
Advertisement
US-controlled companies are among many global firms and wealthy individuals (including 612 Indians) around the world who park their profits in well-known tax havens. Money from the US controlled companies alone is often several times more than the GDP of these tiny nations.
Profits for US MNCs as a % of local GDP7.6Ireland
Advertisement
9.8Cyprus
18.2Luxembourg
354.7British Virgin Islands
Advertisement
Read More
546.7Cayman Islands
339.8Marshall Islands
645.7Bermuda
Advertisement
Source:An investigative report titled Tax Havens: International Tax Avoidance and Evasion brought out by the US Congressional Research Service in January 2013
First Published: Apr 27, 2013, 06:07
Subscribe Now- Home /
- World-watch /
- Little-nations-but-big-tax-havens
Advertisement