August 7, 2023
Corporate Taxes

A historic global agreement on tax is under threat. Here’s why.

Civil society estimates that every year, USD 312 billion are lost in unpaid corporate taxes around the world. By using legal loopholes, many companies avoid paying their dues – often to Southern countries that host their operations and provide cheap labour. This happens because the governments of those countries are unable to enforce their fiscal policies, and there is still no global tax agreement to protect their interests. But something is about to change...
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