Multinational tax integrity and tax avoidance by the fossil fuel industry: Part 2 – Pearls and Irritations

Tax concept, Withholding taxes binders files on document report in business office. Retention taxes is income tax to be paid to government by payer of income rather than by recipient of the income.

According to a report published in 2020 by the Global Alliance for Tax Justice, corporate ‘profit shifting’, a.k.a. ‘tax avoidance’, cost countries $620 billion in lost tax revenue in that year alone. Nowhere is this kind of behaviour more evident than in the operations of the global fossil fuel industry.

Source: Multinational tax integrity and tax avoidance by the fossil fuel industry: Part 2 – Pearls and Irritations

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.