PSI launches study on tax transparency of multinationals

A new study by PSI, in partnership with the Friedrich-Ebert-Stiftung (FES) and Latindadd, investigates advances in the application of stricter international agreements to combat tax evasion in Latin America

Popular depictions of tax havens include images of criminal organizations and corrupt politicians. Despite these images, it is estimated that 88 percent of the money that is sent to havens actually comes from multinational corporations that are avoiding taxes in their efforts to increase profits. Some of the most recognizable global corporations. The Panama Papers and other important leaks have repeatedly confirmed these practices in all their details.

Companies like Nike, McDonalds, Starbucks, Apple, Amazon have all been denounced in the United States and Europe for these practices.


Tax transparency of multinationals in Latin America (English subtitles)

The results of this investigation are presented in a written report and a video presentation. PSI, together with Le Monde Diplomatique Brasil, the FES and Latindadd reveal the obscure accounting universe of large multinational corporations; explaining the mechanisms used to avoid paying taxes, the collective, societal impacts of these practices (especially in poorer countries), and the concrete proposals that exist to change this scenario.

Download the study in Spanish and Portuguese.