Europe is “the paradise of tax havens”. Switzerland, Holland, the island of Jersey, Ireland and Luxembourg are among the top ten countries that offer themselves as a bank to multinationals, large businesses, wealthy professionals, businessmen and criminals to evade taxes.
We read it on FiscoEquo in an article by Luciano Cerasa.
Compared to 2021, the situation in Europe has worsened with Ireland’s entry into the world’s top ten global tax havens. Ireland’s rise is largely due to a lack of change in its anti-tax abuse laws, which has led it to lag behind other countries in the league table. At the beginning of September the Court of Justice of the European Union condemned Apple to pay 13 billion euros (plus interest) in unpaid taxes to Ireland from 2003 to 2013, years in which it had benefited from a preferential tax regime, evidently still deemed insufficient by the Cupertino administrators.
At the top of the world rankings are still the British Virgin Islands in first place, the Cayman Islands in second and Bermuda in third. Followed by Switzerland, Singapore, Hong Kong, Holland, Jersey, the new entry Ireland in ninth place and Luxembourg in tenth. Italy appears in 29th position in the ranking out of 70 countries that offer tax breaks to non-residents, preceded by Panama and followed by Curaçao.
