UK tax havens linked to €8bn in EU tax losses: Who loses most?

Euronews · Servet Yanatma · 2026-11-06 05:49 UTC

EU countries lose nearly €60bn a year to corporate profit shifting, the Tax Justice Network estimates. It links about €8bn of those losses to the UK and its tax haven network, even as the UK itself ranks among the countries that lose the most worldwide.

EU countries lose nearly €60bn a year to corporate profit shifting, the Tax Justice Network estimates. It links about €8bn of those losses to the UK and its tax haven network, even as the UK itself ranks among the countries that lose the most worldwide.

EU countries lose an estimated €59.3bn a year in tax revenue as multinational companies shift profits across borders, according to the Tax Justice Network. The organisation links about €8bn of these losses to the UK and its Overseas Territories and Crown Dependencies, equivalent to 13.6% of the EU total.

The UK and these jurisdictions also account for more than 30% of the global corporate tax abuse risk measured by the organisation’s Corporate Tax Haven Index.

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