GITNUX MARKETDATA REPORT 2024

Must-Know Tax Evasion Statistics [Recent Analysis]

Statistic 1

"An estimated $458 billion in taxes go unpaid every year in the U.S. due to tax evasion."

Sources Icon

Statistic 2

"8.4% of taxes go unpaid yearly because of tax evasion in the USA."

Sources Icon

Statistic 3

"It was estimated that the richest .01% of the population in the U.S. evade about 25% of taxes they owe."

Sources Icon

Statistic 4

"70% of tax evasion in the United Kingdom is by individuals, not corporations."

Sources Icon

Statistic 5

"The amount of tax lost through evasion in the UK was estimated at £5.3bn in a single year."

Sources Icon

Statistic 6

"In Spain, tax evasion is estimated to cost the government about €60bn annually."

Sources Icon

Statistic 7

"In Greece, uncollected tax revenue is estimated at a staggering €89.5bn."

Sources Icon

Statistic 8

"India uncovers $10 billion in undisclosed income via a scheme designed to combat tax evasion."

Sources Icon

Statistic 9

"It is estimated that tax evasion in Italy reaches almost $239 billion, 15 percent of the country’s Gross Domestic Product (GDP)."

Sources Icon

Statistic 10

"China estimates a loss of $3.2 trillion yuan ($555 billion) due to tax evasion in 2020."

Sources Icon

Statistic 11

"Switzerland loses between CHF 5 billion and CHF 15 billion a year due to tax evasion."

Sources Icon

Statistic 12

"Over 62% of the world’s offshore wealth, which is typically untaxed, is hidden in the EU and 4 other territories."

Sources Icon

Statistic 13

"German tax evasion amounts to €30 billion a year."

Sources Icon

Statistic 14

"The OECD estimates that developing nations lose three times as much to tax evasion as they receive in foreign aid."

Sources Icon

Statistic 15

"According to the IMF, tax evasion shrinks the world’s GDP by roughly 1% each year."

Sources Icon

Statistic 16

"In Pakistan, tax evasion costs an estimated $3.5 billion annually."

Sources Icon

Statistic 17

"According to Tax Justice Network, up to $600 billion in profit is shifted to low or no-tax locations worldwide each year, feeding global tax evasion."

Sources Icon

Statistic 18

"In Canada, tax evasion is responsible for between $8.9 to $14.6 billion of unpaid taxes each year."

Sources Icon

Statistic 19

"Brazil loses around R$417 billion ($75 billion) annually due to tax evasion."

Sources Icon

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!