The State of Tax Justice 2020

Event description

The State of Tax Justice Report provides evidence that the world is losing a staggering amount of tax – hundreds of billions (USD) a year – to international tax abuse. Of the tax lost, well over half is due to multinational corporations shifting profit into tax havens in order to underreport how much profit they actually made in the countries where they do business and consequently pay less tax than they should. The remaining billions is lost to wealthy individuals hiding undeclared assets and incomes offshore, beyond the reach of the law.

We invite you to join us on Friday 20 November 2020 for the launch of the first-of-its-type annual report on the economic and social cost of international tax abuse. Convened in collaboration with the Global Alliance for Tax Justice and Public Services International the webinar will discuss the research, share our findings, and consider the impact on inequalities and the realisation of rights of the scale of tax abuse.

The State of Tax Justice 2020 breaks from previous studies on global corporate tax abuse by being the first study to use the OECD’s recently published aggregate country by country reporting data to estimate corporate tax losses for all countries. After nearly two decades of campaigning by the Tax Justice Network, the OECD (an intergovernmental body of rich countries and a leading rules-setter on international tax) finally released game-changing transparency data in July 2020 on multinational corporations’ financial affairs, making it possible to expose each country’s tax losses with unprecedented accuracy.

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