Productivity per employee in Luxembourg tax haven for offshore-acting EU banks 2015

This statistic illustrates productivity per employee for selected leading European Union (EU) banks in the tax haven of Luxembourg as of 2015. A tax haven is understood to be a country, which offers minimal tax liability business conditions to foreign individuals, and at the same time provides a relatively stable financial and political environment. Residence within the tax haven country is not a requirement and therefore, they become controversial places with regards to offshore taxes. Countries such as Andorra, the Bahamas, Hong Kong or Lichtenstein belong to that definition. It can be seen that Barclays reported a productivity per employee of more than 13.25 million euro in Luxembourg as of 2015.