Navigating the Complexities of Profit Shifting and Tax Compliance

Multinational enterprises in every industry are shifting profits to low-tax jurisdictions. These corporate tax havens reduce tax revenues everywhere, but that hits hardest in developing countries where corporate taxes are a larger part of the overall tax take. The International Growth Centre has published a policy toolkit report into corporate tax havens. Ludvig Wier, the author, explains to Tim Phillips how profit shifting works, how a global initiative is reducing the allure of tax havens, and how AI might level the playing field for overstretched developing country tax offices.

Read the full show notes on VoxDev: https://voxdev.org/topic/public-economics/profit-shifting-global-challenge-hitting-developing-countries-hardest

IGC Policy Toolkit: Corporate tax havens and their impact on development