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Tax avoidance could cost governments $5 trillion in next decade | DW Business

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Tax avoidance will cost the world nearly $5 trillion over the next decade. That's the conclusion of a new report by the Tax Justice Network, a campaign group calling for global tax reform. According to its research, the use of tax havens by multi-nationals and wealthy individuals deprives countries of $472 billion in tax revenue every year. To put that into perspective, that is more than the entire world spends on public health annually. DW Business spoke to Alex Cobham, chief executive at the Tax Justice Network about why attempts to reform the tax system have so far failed and why his organization wants responsibility to move from the OECD to the UN.

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#taxes #revenue #finance
Category
Europe
Tags
DW News, tax, evasion
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