Aidan Regan: Citizens and governments are the biggest losers in tax free-for-all

The tax rules need changing, and it does certain governments no credit to be opposing a move towards greater transparency

29th November, 2020
Aidan Regan: Citizens and governments are the biggest losers in tax free-for-all
A new report has found that global multinational corporations shift $1.4 trillion of profit into tax havens every year. Picture: Getty

The Tax Justice Network has published its first annual report on the state of tax justice for 2020. That might not sound impressive, but it is in fact the first systematic attempt to use new OECD data on country-by-country reporting from multinational enterprises to estimate how much governments lose from tax avoidance.

Readers will hardly be surprised to learn that the practice is endemic, and that the richest companies and individuals of the world aggressively use...

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