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By Thomas TØRSLØV, PhD in Economics from the University of Copenhagen, Ludvig WIER, Postdoctoral researcher at UC Berkeley who holds a PhD from the University of Copenhagen and Gabriel ZUCMAN, Professor of economics at UC Berkeley who holds a PhD from the Paris School of Economics*
Researchers from the University of California, Berkeley and the University of Copenhagen estimate that close to 40% of multinational profits (more than $650 billion in 2016) are shifted to tax havens each year. This shifting reduces corporate income tax revenue by nearly $200 billion, or 10% of global corporate tax receipts.
Explore the map to see how much profit and tax revenue your country loses (or attracts) in this...
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