The State of Tax Justice 2022 finds that at least 1 of every 4 tax dollars lost to multinational corporations using tax havens can be prevented by publishing government-collected transparency data that has been held from the public since at least 2016.
Due to the OECD’s failure to publish aggregated country by country reporting data as scheduled in July 2022, the Tax Justice Network is unable to produce a full 2022 edition of the State of Tax Justice. Aggregated data from the OECD in previous years was used to determine how much tax every country in the world loses to cross-border corporate tax abuse.
This stopgap edition of the State of Tax Justice provides new analysis demonstrating the value and impact of country by country reporting data, revealing that public country by country reporting is more than twice as effective as non-public country by country reporting at deterring cross-border corporate tax abuse.
Alongside the report, the Tax Justice Network is publishing an open letter to the leaders of G20 countries urging them to withdraw support the OECD and back UN tax leadership in light of the OECD’s “decade-long failure to deliver” on tax transparency and reform.