Cyprus, Malta lead EU ranking of $1.6 trillion assets held offshore
European Union taxpayers held
assets worth at least $1.6 trillion offshore in 2016, equal to
nearly 10% of the bloc’s output, the European Commission said on
Friday, estimating tax revenue losses at around $50 billion a
year.
assets worth at least $1.6 trillion offshore in 2016, equal to
nearly 10% of the bloc’s output, the European Commission said on
Friday, estimating tax revenue losses at around $50 billion a
year.
Posted by Reuters
