Italy has the global record for transferring corporate profits to tax havens: if not by absolute value of the sums exported, certainly by number. A consolidated supremacy, accounting for 9.2 percent of all corporate profit transfer transactions worldwide, which is measured not in the short term of a year or two but over the long term of 12 years. Italy's supremacy places the tricolor economy ahead of others, far more mighty, such as Germany, left on the second step of the podium, and the United States, third with a strong gap in number of transactions but first overall in value of profits "moved" offshore. This is attested to by a study just published by the European Union's Joint Research Center (JRC), which analyzes data on nearly $2.28 million in corporate balance sheets filed between 2009 and 2020, looking at the effects caused by tax dumping in more than 100 countries. During the period under review, more than $13.5 trillion in corporate profits were transferred abroad out of a total of $37.5 trillion, or 36 percent of the total. The study shows that Italian shareholders are the most engaged in the world in diverting their companies' profits from the IRS. Out of more than 789,000 data on the countries of residence of the final beneficiaries of companies that transferred profits to tax havens during the 2009-2020 period, there were 72,385 cases in the Peninsula, or precisely 9.2 percent of the global total. In Germany, holding the second place, the detections were over 65,000, or 8.3 percent, while in the United States the calculation stopped just above 47,000, 6 percent of the global total.
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