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FIGURE 1. Automatic exchange of financial account information, key figures for 2018-2021

Number of financial accounts (millions)

Assets covered (EUR trillions)
Jul 25, 2023 Analysis

Does tax abuse by multinationals and the wealthy cost the world $5 trillion?

The Tax Justice Network claims the world will lose $5 trillion in tax abuse over the next 10 years. They say $301bn of tax is lost each year to cross-border corporate tax abuse by multinationals, and £171bn is lost each year to tax evasion by wealthy individuals using tax havens. Both claims are false. The […]

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