$5.91 billion in offshore wealth held by Bangladeshis
Of this amount, 84.6% was held in Asian tax havens, with American, European and Swiss accounts holding the remainder
Bangladeshi citizens held 1.3% of Bangladesh's GDP, or $5.91 billion in offshore tax havens in 2022, according to a report by Atlas of the Offshore World.
Of this amount, 84.6% 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.
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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 that up to $660 billion in offshore real estate wealth is being held across Singapore ($290 million), Dubai ($260 million), London ($89 million) and Paris ($5.6 million), with the remaining $15.6 million held elsewhere.
