This State of Tax Justice 2025 report shows that over the six year period for which data is available, US-headquartered multinational corporations cost countries around the world US$495 billion in lost corporate tax – some 29% of the global total of US$1.7 trillion lost to global corporate tax abuse. The United States itself is the biggest loser to global corporate tax abuse, losing $US271 billion to its own multinationals.
Behind these figures, the report reveals a dramatic escalation in tax abuse by US multinational corporations set loose by Trump’s 2017 Tax Cuts and Jobs Act. US multinational corporations are now shifting twice as much profit out of the countries where they operate in and into the US, but are paying even less tax in the US than they were before Trump’s tax cuts were introduced. US multinationals did not bring their jobs stateside in return for the tax surrender.
Over a quarter of US$1.7 trillion corporate tax loss countries suffered could have been prevented, the report shows, simply by making public the country by country reports countries have been collecting. This would have saved countries US$475 billion in corporate tax revenue from being lost from 2016 to 2021.