Stats


$1-1.6 trillion

Annual cross-border flow of the global proceeds from tax evasion, corruption and criminal activities. Every $100 million recovered could fund full immunisations for four million children or provide water connections for 250,000 households.

www.unodc.org/unodc/en/press/releases/2007-09-17.html

$120 billion

Amount that could be delivered to fight poverty per year by Tax haven crackdown.

Oxfam, press release, 13th March 2009

$100 billion

Amount that the Senate Permanent Subcommittee on Investigations estimated
in 2008 that the U.S. lost in tax revenue due to offshore tax abuse every year.

Committee on Homeland Security and Governmental Affairs, Permanent Subcommittee on
Investigations

$1 trillion

Amount of unrepatriated foreign profits sitting offshore.

Drucker, Jesse. “Tax Holiday for $1 Trillion May Lure Back Profits Without Growth.” Bloomberg. 17 March 2011

$810 billion

Average outflow of illicit money from developing countries per year between
2000‐2008 as estimated by Global Financial Integrity.

Kar, Dev and Curcio, Karly. Illicit Financial Flows from Developing Countries 2000-­‐2009. Jan 2011

18,857

Number of registered businesses at one address in the Cayman Islands.

Government Accountability Office, International Taxation: Large U.S. Corporations and Federal Contractors with Subsidiaries In Jurisdictions Listed as Tax Havens or Financial Secrecy Jurisdictions, Dec 2008

217,000

The number of companies housed at 1209 Orange Street in Wilmington, Delaware.

Shaxson, Nicholas. (2011) Treasure Islands: Tax Havens and The Men Who Stole the World (p.143). London: The Bodley Head

759

Number of offshore subsidiaries in tax havens for Citigroup, Bank of America, and Morgan
Stanley combined.

Government Accountability Office, International Taxation: Large U.S. Corporations and Federal Contractors with Subsidiaries In Jurisdictions Listed as Tax Havens or Financial Secrecy Jurisdictions, Dec 2008

83

Number of the 100 largest U.S. companies that use offshore tax havens ‐ including the big
banks taxpayers bailed out in 2008.

Government Accountability Office, International Taxation: Large U.S. Corporations and Federal Contractors with Subsidiaries In Jurisdictions Listed as Tax Havens or Financial Secrecy Jurisdictions, Dec 2008

$57.2 billion

Amount of money Egypt lost to trade mispricing and other forms of commercial
crime between 2000 and 2008.

Kar, Dev and Curcio, Karly. Illicit Financial Flows from Developing Countries 2000-­‐2009. Jan 2011

$2

Daily earnings for at least one third of Egyptians.

Bronner, Eithan. “Mubarak Denies Corruption and Defends His Legacy.” New York Times. 11 April 2011

30% – 6.6%

Corporate share of the US’s tax receipts mid 1950s – 2009.

Kocieniewski, David. “G.E.’s Strategies Let It Avoid Taxes Altogether.” New York Times. 24 March 2011

64%

Publicly traded U.S. parent companies incorporated in Delaware.

Dyreng, Scott, Lindsey, Bradley P. and Thornock, Jacob R., Exploring the Role Delaware Plays as a Domestic Tax Haven 28 April 2011

51%

Publicly traded U.S. subsidiaries incorporated in Delaware.

Dyreng, Scott, Lindsey, Bradley P. and Thornock, Jacob R., Exploring the Role Delaware Plays as a Domestic Tax Haven 28 April 2011

8,492

Number of FTSE 100 overseas companies located in tax havens.

www.actionaid.org.uk/doc_lib/addicted_to_tax_havens.pdf

98

Number of FTSE 100 with operations in tax havens.

www.actionaid.org.uk/doc_lib/addicted_to_tax_havens.pdf

1,649

Number of tax haven companies between the ‘big four’ UK banks.

www.actionaid.org.uk/doc_lib/addicted_to_tax_havens.pdf

174

Number of companies operated by Barclays in the Cayman Islands.

www.actionaid.org.uk/doc_lib/addicted_to_tax_havens.pdf

611

Number of tax haven companies operated by advertising company WPP.

www.actionaid.org.uk/doc_lib/addicted_to_tax_havens.pdf

600

Number of companies in Jersey operated by FTSE 100 multinationals.

www.actionaid.org.uk/doc_lib/addicted_to_tax_havens.pdf

0%

Effective corporate tax rate in Jersey.

www.actionaid.org.uk/doc_lib/addicted_to_tax_havens.pdf

0%

Effective corporate tax rate in the Cayman Islands.

www.actionaid.org.uk/doc_lib/addicted_to_tax_havens.pdf

250,000

Number of African children whose education could be paid for by the amount of tax that SAB Miller dodges paying.

www.actionaid.org.uk/doc_lib/addicted_to_tax_havens.pdf

556

Number of tax haven subsidiaries operated by HSBC.

www.actionaid.org.uk/doc_lib/addicted_to_tax_havens.pdf

$124 billion

Per year lost through the use of tax havens by wealthy individuals.

Oxfam, press release, 13th March 2009, http://bit.ly/uAhNr5

$160 billion

Per year lost through trade mispricing and false invoicing by multinationals.

http://www.christianaid.org.uk/images/deathandtaxes.pdf

£198 billion

Amount that could be saved each year by reinforcing tax systems in developing countries.

http://www.actionaid.org.uk/doc_lib/accounting_for_poverty.pdf

$37 billion

Per year lost through tax avoidance by multinational corporations and banks in the US.

Financial Task Force, Jul 20, 2010, http://bit.ly/vbXuf3

£25 billion

Per year lost through tax avoidance by rich individuals and the 700 largest corporations in the UK.

http://www.tuc.org.uk/touchstone/Missingbillions/1missingbillions.pdf

$100 billion

The amount that the Senate Permanent Subcommittee on Investigations estimated in 2008 that the U.S. lost in tax revenue due to offshore tax abuse every year.

Committee on Homeland Security and Governmental Affairs, Permanent Subcommittee on Investigations.  TAX HAVEN BANKS AND  U.S. TAX COMPLIANCE STAFF REPORT