Offshore structures have not disappeared — but they are transforming to survive amid the implementation of international financial transparency standards.
Dozens of publications around the world have published investigations based on data obtained as a result of one of the largest leaks of information about offshore companies and their real beneficiaries in history.
The Economic Commission for Latin America and the Caribbean (ECLAC) presented a report that indicated this figure. It is significantly higher than the average for Asia (4%), Europe (11%) or the United States (4%), and results in annual revenue losses of € 19 billion for the region due to tax evasion.
The US presidential administration has proposed a new tax model for the largest corporations, which will force them to give more money in all countries where they earn.
The Council of the European Union agreed to remove the United Arab Emirates (UAE) and the Marshall Islands from the “black” list for tax purposes. It also found Albania, Costa Rica, Mauritius, Serbia and Switzerland to be compliant with all commitments on tax cooperation.
