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Tax havens cost governments $200 billion a year. It’s time to change the way global tax works
About $650 billion of multinational profits are shifted to tax havens by multinational firms. The cost is $200 billion in lost global tax revenue.
Ludvig Wier is a postdoctoral researcher at UC Berkeley who holds a Ph.D. from the University of Copenhagen. His research and teaching focuses on international taxation, inequality, and development. In that context, he is also working as a consultant to the UNU-WIDER, IMF and the National Treasury in South Africa. He has previously worked as a public sector management consultant in the Boston Consulting Group and as an assistant economist at the Danish Ministry of Finance. Finally, Ludvig is the founder of Economists Without Borders - a non-profit delivering free consultancy to charitable projects.
To read more go to ludvigwier.com
About $650 billion of multinational profits are shifted to tax havens by multinational firms. The cost is $200 billion in lost global tax revenue.
What is the connection between falling corporate tax rates and economic prosperity?