July 31, 2023

Countries on course to lose $4.7 trillion to tax havens over next 10 years

The tax justice network recently released its 2023 State of Tax Justice report that estimates that, if no action is taken, countries will  lose nearly US$5 trillion in tax to multinational corporations and wealthy individuals using tax havens to underpay tax over the next 10 years. Lower incomes countries’ tax losses ($46 billion) are equivalent to more than half (56 per cent) of their public health budgets. Check out the report!

The State of Tax Justice 2023