This inaugural edition of the State of Tax Justice is the first piece of research to present comprehensive estimates of the huge sums of tax each country in the world loses every year to corporate and private tax abuse – and what this means in terms of countries’ health spending. Released in partnership with Tax Justice Network, Global Alliance for Tax Justice and the Friedrich Ebert Stiftung
The State of Tax Justice 2020 reports that the world is losing over $427 billion (USD) in tax a year to international tax abuse.
Of the $427 billion, nearly $245 billion is lost to multinational corporations shifting profit into tax havens in order to under report how much profit they actually made in the countries where they do business and consequently pay less tax than they should.
Globally, the equivalent of over 34 million nurses’ annual salaries is lost to tax havens each year.