Blog
$1 trillion in the shade: The annual profits multinational corporations shift to tax havens continues to climb and climb
by
Ludvig Wier, Gabriel Zucman
March 2023
About a decade ago, the world’s biggest economies agreed to crack down on multinational corporations’ abusive use of tax havens. This resulted in a 15...
Blog
Empirical research is crucial for better tax enforcement in the developing world
I had the privilege to participate in the UNU-WIDER Winter School as one of the lecturers. In this blog, I explain my main takeaways for students and...
Blog
New global estimates on profits in tax havens suggest the tax loss continues to rise
by
Ludvig Wier, Gabriel Zucman
December 2022
The world has been trying to curb profit shifting to tax havens for a decade, but consistent time series evaluating the impact of these reforms have...
Blog
How multinationals continue to avoid paying hundreds of billions of dollars in tax: New research
by
Miroslav Palanský
October 2019
Tax havens have become a defining feature of the global financial system. Multinational companies can use various schemes to avoid paying taxes in...
Blog
Overcoming the challenge of illicit financial flows: Four pieces of advice for policymakers
From profit shifting to sanction evasion, illicit financial flows divert funds away from essential poverty-fighting and infrastructure programs. A...
Presentation
Caroline Schimanski on taxing multinational corporations in Uganda
World Bank's hybrid conference on global tax equity is organized on 22-23 September 2022. Caroline Schimanski, a World Bank and African Development Bank consultant, gives a presentation on a WIDER Working Paper at the conference. The topic of...
Thu, 22 September 2022
Hybrid,
United States
Past event
News
Press Release: New research reveals close to $1 trillion in profits shifted to tax havens
A new research paper published by the United Nations University World Institute for Development Economics Research (UNU-WIDER) shows the first global estimates of profits shifted to tax havens between 1975-2019. The study documents a remarkable increase in profit shifting, with close to $1 trillion or 40% of multinational profits shifted to tax havens in 2019. Globally, 10% of corporate tax revenues are lost as a result.