Taxes

Tax havens cost governments $200 billion a year. It’s time to change the way global tax works

Some 40% of multinational profits are shifted to tax havens Image: NASA/JPL/NIMA

Ludvig Wier

Postdoctoral researcher, UC Berkeley

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Foreign firms are systemically more profitable in tax havens than local firms
Which countries lose the most corporate tax revenue because of tax havens? Image: The Missing Profits of Nations
An estimated 98% of profits shifted to tax havens are shifted by the 10% largest multinational firms
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What's the World Economic Forum doing about tax?

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TaxesFinancial and Monetary SystemsCorporate Governance

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