Alex Cobham on Tax Injustice
IMF Podcasts
Multinational Companies Tax Abuse
Multinational companies are different by definition. They go across borders, so they operate in more than one jurisdiction. Multi nationals shifted about five % of their global profits away from the countries where they actually made their money and did their business. Eight to ten thousand marti nationals around the world cost in tax revenue lost each year something like 312 billion dollars. The biggest umbers arfor the biggest economies. To the united states is one of the biggest losers,. But as a share of current tax revenues, it's much bigger. For lower income countries, often as much as 50% of the public health budget.
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