Poland losing billions through tax havens
09:55
Poland in 2017 lost about PLN 3 billion through transfers of profits of international companies to the tax havens, according to the report of economists Gabriel Zucman, Ludvig Wier and Thomas Tørsløv. It's 8 percent all of our annual CIT income.
Researchers working at the University of Berkeley and the University of Copenhagen have created a global database of countries in which international corporations book their profits.
Their calculations show that the vast majority of the amount from Poland is transferred to tax havens within the European Union itself (just over PLN 2.5 billion). The most, just under PLN 850 million, went to the Netherlands. The second most popular direction of profit transfer is Luxembourg (less than PLN 690 million went to this country in 2017).
Ireland is in third place, with profits worth less than PLN 570 million derived.
Belgium is another popular tax haven for companies transferring profits from Poland, which received nearly PLN 415 million in 2017.
Cyprus and Malta are less popular, as well as tax havens outside the European Union - including Switzerland, the Caribbean, Puerto Rico, Hong Kong and Singapore.
