Firms Push Earnings Into Tax Havens as International locations Battle in Pursuit, Examine Says

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Multinational firms shift about 40% of the income they earn outdoors their house nations into tax havens, eluding tax-collection efforts, in keeping with an evaluation that factors to persistent gaps in authorities income assortment.

U.S. firms are among the many most aggressive customers of profit-shifting strategies, which regularly relocate paper income with out bringing jobs and wages, in keeping with the research by economists Thomas Torslov and Ludvig Wier of the College of Copenhagen and Gabriel Zucman of the College of California,…

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