Close to 40% of multinational profits were artificially shifted to tax havens in 2015; this massive tax avoidance – & the failure to curb it – are in effect leading more & more countries to give up on taxing multinationals - most read @voxeu column in Julyhttps://voxeu.org/article/missing-profits-nations …
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But, as
@MForstater has pointed out, "multinational profits" is defined as "profits made by an MNC outside its home country" - so eg the non-US profits of a US MNC. Not an intuitive definition IMO and leads to incorrect inferences being drawn from the headline.
Yes. Around 6% of corporate profits overall (including all multinationals and domestic firms)
