New research published by the Tax Justice Network shows that tax evasion costs 145 countries, representing over 98% of world GDP, more than US$3.1 trillion annually.
In the UK for instance, a staggering £69.9 billion a year is lost to tax evasion in the ‘shadow economy’ – that is, 56% of the country’s total healthcare spend.
Tax havens are a major part of the tax evasion problem – these new findings come as the Tax Justice Network launches Tackle Tax Havens, a new campaign aimed at the general public that highlights the critical role that these secretive states play in corrupting the global economy.
Bernd Pulch 