The Tax Justice Network, PSI - Public Services International and the Global Alliance for Tax Justice are launching the 2021 edition of the State of Tax Justice, which documents how a small club of rich countries with control over global tax rules is responsible for the majority of tax losses suffered by the rest of the world.
Here are some key findings:
💸 US$ 483 billion in tax is lost a year to global tax abuse committed by multinational corporations and wealthy individuals – enough to fully vaccinate the global population against Covid-19 more than three times over.
🌍 OECD members were found to be responsible for facilitating 78 per cent of the tax losses countries suffer a year. They facilitate the handing over of $378 billion a year from public purses around the world to the wealthiest multinational corporations and individuals.
🚨 Global tax abuse enabled by rich countries is hitting poorer countries the hardest. While higher income countries lose 9.7 per cent of their collective public health budgets, lower income countries' losses account for nearly 48 per cent of their public health budgets – and unlike OECD members, they have little or no say on the international rules that continue to allow these abuses.
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