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Europe's Shadow Economy

EUROPE'S SHADOW ECONOMY Debating Europe www.debatingeurope.eu 1 trillion € ESTIMATE OF THE SIZE OF THE POTENTIAL TAX REVENUE LOST ANNUALLY TO TAX EVASION AND AVOIDANCE IN THE EU SHADOW ECONOMY IN 2011 (% of GDP) 514 billion € BULGARIA 32.3% ROMANIA THE EU-27'S TOTAL BUDGET DEFICIT IN 2012 29.6% LITHUANIA 29.0% ESTONIA 28.6% LATVIA 26.5% UK LATVIA CYPRUS 26.0% ISLE OF MAN GERMANY - IRELAND NETHERLANDS ALLEGED MALTA LUXEMBOURG JERSEY, GUERNSEY 25.8% ALDERNEY TAX HAVENS LIECHTENSTEIN POLAND - SWITZERLAND 25.0% SAN MARINÓ MONACO GREECE 24.3% SLOVENIA 24.1% GIBRALTAR MALTA CYPRUS HUNGARY 22.8% ITALY SHADOW ECONOMY AVERAGE TAX LOSS IN THE EU 21.2% PORTUGAL 19.4% CO 1/5 of the EU's GDP SPAIN 19.2% BELGIUM 2/3 17.1% UNDECLARED TAX LOSS CZECH REP. WORK 16.4% 4x EXCEEDS TOTAL SLOVAKIA HEALTHCARE SPENDING 16.0% TOTAL EDUCATION IN THE EU SPENDING IN THE EU SWEDEN 14.7% 1/3 DENMARK BUSINESSES 13.8% UNDERREPORTING PROFITS FINLAND 13.7% TOTAL BANK DEPOSITS OVERALL TAX-TO-GDP RATIO GERMANY 13.5% € trillion, 2011 The sum of taxes and social contributions IRELAND in % of GDP, 2011 12.8% DENMARK FRANCE BELGIUM 47.7% 44.1% 11.0% EU-27 SWEDEN USA UK 44.3% 10.5% BULGARIA 6.4 27.2% 22.2 NETHERLANDS LATVIA 9.8% LITHUANIA 26.0% | 27.6% LUXEMBOURG JAPAN 8.2% 5.6 AUSTRIA 7.9% Sources: EP, Tax Justice Network, Eurostat, EBF, EC.

Europe's Shadow Economy

shared by DebatingEurope on Jul 01
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The infographic presents data on tax evasion, tax avoidance and shadow economy in the EU. It also includes information on alleged tax havens in Europe, the comparison of total bank deposits in the EU,...

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