KPMG says tax havens cost $225 billion a year

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According to a report in India:

Tax havens like Mauritius with which India has a tax treaty or Bermuda, shield a staggering $225 billion in unpaid taxes a year, according to Girish Vanvari, Executive Director at KPMG for M & A Tax. The US alone loses $60 billion a year.

I have no idea where the figure comes from – indeed it looks suspiciously like a misquote of TJN’s $255 billion, but it’s good to see KPMG accepting the scale of the problem.