UN report: large company for the year transferred to offshore 221 billion dollars

In 2015, the company withheld tax funds in the amount of 221 billion dollars. This is stated in the report of the Conference United Nations on trade and development (UNCTAD).

Compared with the 2014 level of funding allocated to the offshore, has grown significantly and achieved marks of 2012-2013.

The main target remains in Luxembourg, despite the fact that last year there, as in the Netherlands, have adopted more stringent requirements for registration of companies and financial information exchange.

New European Union rules have led to the decrease of remittances in the country.

According to UNCTAD, in recent years more and more funds are withdrawn from developing countries and countries with economies in transition. In 2010-2014 65% of the funds were derived from Hong Kong, Russia, China and Brazil, to offshore Caribbean, the British virgin Islands and the Cayman Islands. Hong Kong sent offshore — 148 billion dollars, the rest of China is 45 billion US — 93 billion, Russia — $ 77 billion.

We will remind, in April, dozens of media outlets around the world simultaneously published materials about the owners of large offshore, based on data from «Panamanian archive» — a collection of documents about offshore schemes a little-known company from Panama Mossack Fonseca. In the published documents appear dozens of former and current leaders of countries, politicians and rich and powerful businessmen.

Among Ukrainians is President Petro Poroshenko, former Prime Minister Pavlo Lazarenko, the mayor of Odessa Gennady Trukhanov, as well as former and current MPs.

UN report: large company for the year transferred to offshore 221 billion dollars 04.05.2016

Май 4th, 2016 by
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