Monday, 24 June, 2024, Reg No- 06
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BD nationals hold $5.91 billion in offshore tax havens  

Published : Sunday, 19 May, 2024 at 12:00 AM  Count : 308

Bangladeshi citizens held 1.3 percent of Bangladeshs GDP, or $5.91 billion in offshore tax havens in 2022, according to a report by Atlas Offshore World.

Of this amount, 84.6 percent was held in Asian tax havens, with American, European and Swiss accounts holding the remainder.
This resulted in tax revenue of $350 million being lost in non-EU havens and $140 million being lost to EU havens.
This is a decline from 2021 when an estimated $8.14 billion was held in offshore accounts, with $7 billion being held in Asian tax havens such as Singapore, the UAE and Hong Kong.

Additionally, the report estimates up to $660 billion held in offshore real estate including Singapore $290 million, Dubai $260 million, London $89 million and Paris $5.6 million.  The remaining $15.6 million being held elsewhere.

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