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Average profitability in selected global tax havens for leading EU banks 2015

Average profitability of the leading twenty European Union (EU) banks in selected tax havens worldwide as of 2015

by James Cherowbrier, last edited Aug 20, 2018
Average profitability in selected global tax havens for leading EU banks 2015 This statistic illustrates average profitability for the leading twenty European Union (EU) banks in selected tax havens worldwide as of 2015. A tax haven is understood to be a country, which offers minimal tax liability business conditions to foreign individuals, and at the same time provides a relatively stable financial and political environment. Residence within the tax haven country is not a requirement and therefore, they become controversial places with regards to offshore taxes. Countries such as Andorra, the Bahamas, Hong Kong or Lichtenstein belong to that definition. According to data presented, average profitability in tax havens is more than double global average profitability, 42 percent in comparison to 19 percent globally. It can be seen that average profitability for the twenty leading EU banks in the Cayman Islands reached a value of 167 percent as of 2015.
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Average profitability of the leading twenty European Union (EU) banks in selected tax havens worldwide as of 2015

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