Global corporations ‘cheating public out of billions in tax’, say campaigners

Tax Justice Network says countries lose $89bn a year by allowing anonymity over use of tax havens

Governments around the world could reap almost $90bn a year extra in tax if they made public their data on the extent to which multinational companies use tax havens, an advocacy group reports.

The Tax Justice Network said states were depriving themselves of $89bn (£75bn) a year by allowing some of the world’s biggest companies anonymity over the way they conduct their tax affairs.

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​Tax Justice Network says countries lose $89bn a year by allowing anonymity over use of tax havens Governments around the world could reap almost $90bn a year extra in tax if they made public their data on the extent to which multinational companies use tax havens, an advocacy group reports.The Tax Justice Network said states were depriving themselves of $89bn (£75bn) a year by allowing some of the world’s biggest companies anonymity over the way they conduct their tax affairs. Continue reading…