Financial Accountability and Corporate Transparency(FACT)
Offshore Tax Haven Abuse by the Numbers: Fact Sheet
- Washington Financial Accountability and Corporate Transparency(FACT)
- 1p.
This is a factsheet by FACT which reveals figures of losses incurred through illicit financial flows. It reveals that up to $180 billion is lost in tax revenue to offshore tax haven abuse each year, $111 billion lost revenue from profit shifting by multinational corporations annually and $40-70 billion lost revenue to tax evasion by wealthy individuals annually among others.
