Multinational corporations dodge $500bn tax by shifting profits to low/no tax jurisdictions. Stifle social development. Need a simple change - must pay tax where they actually create profit, instead of where they pretend to on paper. UK can collect extra $16.9bn a yr. Must check corporate abuse.
Countries to gain $500bn more tax a year under UN ‘pay-where-you-play’ plan - Tax Justice Network
UN tax convention commitment to scrap 100-year-old corporate tax approach will unleash new economic era without increasing taxes, experts say Countries can collect US$500 billion more in corporate tax...
taxjustice.net
