Edition 1450
18 November 2017
Edition: 1450

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More than €8bn transferred out of Portugal in 2016

in Business · 02-11-2017 13:59:00 · 0 Comments

An estimated 8.6 billion euros were transferred to offshore accounts out of Portugal in 2016 alone.

These figures are based on numbers issued by the national Tax Authority released on Monday evening. Officials said they traced these amounts to a total of just under 59,000 transfers which banks reported to the taxman. This figure is slightly down on 2015, when Portuguese sent a total of 8.8 billion euros to offshore tax havens.

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Edition 1450
18 November 2017
Edition: 1450

Read this week's issue online exactly as it appears in print.

Twitter