World losing half a trillion to tax abuse, largely due to 8 countries blocking UN tax reform, annual report finds | Tax Justice Network
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Multinational corporations cheated more after getting tax cuts, largest inadvertent real-world testing of corporate tax policies reveals Countries are losing US$492 billion in tax a year to multinational corporations and wealthy individuals using tax havens to underpay tax. Nearly half the losses (43%) are enabled by the eight countries that remain opposed to a UN […]

cross-posted from: https://lemmy.today/post/20289457

World losing half a trillion to tax abuse, largely due to 8 countries blocking UN tax reform, annual report finds

Multinational corporations cheated more after getting tax cuts, largest inadvertent real-world testing of corporate tax policies reveals

  • Zagorath@aussie.zoneEnglish
    4·
    1 day ago

    The other 7 are Canada, Israel, Japan, New Zealand, South Korea, UK, and US. Not enormously surprising, except perhaps Japan and Korea, and the absence of countries like Ireland, Netherlands, and Singapore.