Research
Tax Havens
Increased profits from tax havens don’t nurture R&D in multinational enterprises
Sep 12, 2014
It’s an almost-unfathomable figure: US$21 trillion to US $32 trillion – nearly half of the globe’s annual GDP of $72 trillion – that is estimated by the Tax Justice Network to have been secretly squirrelled away by multinational enterprises (MNEs) in tax havens. That’s money that should, but isn’t, going into the tax coffers of nations like Canada.More...