MAPS IN THE NEWS:
For most U.S. households, Dec. 31 is the end of the tax year. A recent report by the Tax Justice Network finds that private offshore tax evasion by individuals costs the U.S government more than $40 billion per year in lost tax revenue. The Tax Justice Network classifies nearly 40% of global bank deposits as "abnormal." This chart shows the top 15 geographic jurisdictions facilitating global tax abuse; the chart is ordered by total value of abnormal deposits, but the next column shows abnormal deposits as a percentage of all deposits, which is also illuminating. (From taxjustice.net/wp-content/uploads/2020/11/The_State_of_Tax_Justice_2020_ENGLISH.pdf)
Leave a Reply.
Blog sharing news about geography, philosophy, world affairs, and outside-the-box learning
This blog also appears on Facebook: