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Switzerland responsible for $13 billion in losses to tax evasion globally Bermuda came in third on the Tax Haven Index, just after the British Virgin Islands and the Cayman Islands. Switzerland came in fifth. Keystone / Cj Gunther Switzerland benefits from tax abuse by companies and individuals to the tune of around $12.8 billion (CHF11.9 billion) according to a new global ranking. However, it also loses out on $5.7 billion in revenue. This content was published on March 14, 2021 - 13:51 March 14, 2021 - 13:51 NZZamSonntag/TagesAnzeiger/jdp According to an analysisExternal link by the Tax Justice Network published last week, Switzerland comes in fifth in the Corporate Tax Haven index, which captures how intensely a country’s tax and financial systems allow multinational corporations to shift profit out of the countries where they do business.

Switzerland generalUnited kingdomRoger federerLiz nelsonTax justice networkUniversity of bernOrganization for economic cooperationCorporate tax havenOverseas territoriesCrown dependenciesEastern europeEconomic cooperationLatest newsState budget and taxசுவிட்சர்லாந்து ஜநரல்ஒன்றுபட்டது கிஂக்டம்