UK ranks fifth in Europe for tax lost to offshore wealth 

Mark Battersby
clock • 2 min read

The level of UK GDP lost in tax revenue to offshore wealth is one of the highest in Europe, with just Luxembourg, Cyprus, Ireland and Malta ranking higher, according to new research by AML experts, Credas Technologies. Credas Technologies analysed data on offshore wealth, the lost tax revenue as a result of these strategically placed assets and what this equates to as a percentage of GDP for the UK and other EU nations.  It's estimated that offshore wealth owned by UK citizens totals a huge £845.5bn, by far the highest total compared to any EU nation, with Ireland ranking second at £4...

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