Table 2. Economic impacts.
Average annual economic, income, and tax revenue impacts of likely illicit trade in seafood over the past decade of total reconstructed catch data (2005–2014) for two scenarios of assumed fractions of unreported catches being redirected to illicit trade. Both scenarios assume that 50 to 80% of unreported industrial landed catches are being redirected to illicit trade, while the fractions of artisanal unreported landed catches range from 30 to 50% and 10 to 30% for scenarios 1 and 2, respectively.
Geographic region | Scenario 1 | Scenario 2 | ||||
Economic (US$ × 106) |
Income (US$ × 106) |
Tax revenue* (US$ × 106) |
Economic (US$ × 106) |
Income (US$ × 106) |
Tax revenue* (US$ × 106) |
|
Africa | 8,612–13,877 | 2,061–3,322 | 939–1,513 | 7,626–12,892 | 1,826–3,086 | 832–1,406 |
Antarctica and sub-Antarctic |
3.0–4.7 | 0.8–1.2 | 0.2–0.3 | 3.0–4.7 | 0.8–1.2 | 0.2–0.3 |
Asia | 12,520–20,255 | 3,329–5,386 | 989–1,600 | 10,284–18,019 | 2,735–4,792 | 812–1,423 |
Europe | 3,506–5,651 | 854–1,376 | 217–350 | 3,092–5,237 | 753–1,276 | 192–325 |
North America | 2,747–4,473 | 952–1,550 | 209–340 | 1,978–3,703 | 686–1,284 | 150–281 |
Oceania | 201–323 | 45–72 | 17–28 | 178–301 | 40–67 | 16–26 |
South America | 1,392–2,267 | 380–619 | 185–301 | 987–1,862 | 270–509 | 131–247 |
Total | 30,591–49,455 | 8,207–13,268 | 2,651–4,286 | 25,503 - 44,367 | 6,842–11,903 | 2,210–3,845 |
*Note that this table uses the variable tax rates by region. Each region has an average tax rate reported at https://home.kpmg/xx/en/home/services/tax/tax-tools-and-resources/tax-rates-online/corporate-tax-rates-table.html.