Corporate Tax Avoidance in the First Year of the Trump Tax Law (tags)
The tax breaks identified in this report are highly concentrated among a few very large corporations. Just 25 companies claimed $37.1 billion in tax breaks in 2018. That’s almost exactly half the $73.9 billion in tax subsidies claimed by all 379 companies in our study.
New US Bills Introduced to Tackle Global Tax Avoidance and Corruption (tags)
This week a series of legislation was introduced in the House and Senate that takes aim at corporate tax avoidance and foreign corruption.
OECD Takes Strong Stance on Corporate Tax Avoidance (tags)
The Organization for Economic Cooperation and Development (OECD) released a major proposal for curbing corporate tax avoidance yesterday. The OECD recommends international cooperation to prevent large corporations from avoiding taxes in the countries where they do business. The OECD plan comes amidst increased calls to crack down on corporate tax avoidance.
IMF Paper: Corporate Tax Avoidance Hurts Global Economy and Poor Countries (tags)
The International Monetary Fund (IMF) released a staff paper noting that corporate tax avoidance negatively impacts all economies, but hurts developing countries the most. The IMF's release comes as the G20, the Organization for Economic Cooperation and Development and United Nations bodies seek vehicles to diminish corporate tax avoidance.