© 2020 – 2021 AEA3 WEB
Image default
News

European banks storing €20bn a year in tax havens

Barclays and HSBC among banks booking money equivalent to 14% of annual profits in offshore entities

Leading European banks are booking around €20bn (£17bn) a year – equivalent to 14% of their total profits – in tax havens, with Barclays, HSBC and NatWest Group among those enjoying the lowest tax rates, according to a new report.

The figures emerge from an analysis, conducted by the EU Tax Observatory, of 36 big banks required to publicly report country-by-country data on their activities.

Continue reading…

Related posts

London mayor’s office denies feminist activist’s claims over sacking

AEA3

Identical twins are not so identical, study suggests

AEA3

Delta variant doubles risk of hospitalisation, new study finds

AEA3

Your ads here. Click here