Asian Spectator

Men's Weekly

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$1 trillion in the shade – the annual profits multinational corporations shift to tax havens continues to climb and climb

  • Written by Ludvig Wier, External Lecturer of Economics, University of Copenhagen
$1 trillion in the shade – the annual profits multinational corporations shift to tax havens continues to climb and climbLooks like paradise – especially if you're a multinational corporation in need of a tax haven. LeoPatrizi/E+ via Getty Images$1 trillion in the shade – the annual profits multinational corporations shift to tax havens continues to climb and climbCC BY-NC-ND

About a decade ago, the world’s biggest economies agreed to crack down on multinational corporations’ abusive use of tax havens. This resulted in a 15-point action plan that aimed to curb...

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