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
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
International tax avoidance and development
by
Ludvig Wier
April 2020
Corporate taxation is at the heart of economic development, and cardiac failure looms if international tax reform is not made globally inclusive There...
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.