The State of Tax Justice 2024 report reveals that countries lose €416 billion annually due to tax avoidance by multinationals and wealthy individuals. The UK is the largest contributor to these losses, with its Overseas Territories and Crown Dependencies accounting for a significant portion. The report highlights the Corporate Tax Haven Index (CTHI), ranking jurisdictions based on their facilitation of corporate tax avoidance. The UK, British Virgin Islands, Cayman Islands, and Bermuda are noted as major tax havens. The report also discusses the disparity between statutory and effective tax rates, emphasizing the role of various European countries in global tax avoidance. Teljes cikk (Euronews.com)