The rise in the rankings came after multinationals in South Africa and the United States routed $218 billion in funds from the Netherlands into the gulf monarchy – equivalent to more than half of its GDP, says Tax Justice Network.
Cash-strapped governments are leaning toward a new regulatory regime in the wake of pandemic relief efforts.
Italy joins France in defying the US as countries try to make big tech firms pay a fair share of their income in taxes.
A new study has found that hundreds of billions of dollars in corporate profits land in low-tax jurisdiction territories despite an international crackdown.
Trillions of dollars in international investments by large corporations is nothing more than accounting gimmickry.
The European Union has broadened its tax-haven blacklist and the United Arab Emirates is one of the newest members of the club.
The European Union expanded its tax haven blacklist by 10 countries, adding the United Arab Emirates and Bermuda despite the objections of powerful member states.
Enforcement remains the biggest challenge, with EU countries split over whether blacklisted countries should be subject to financial sanctions or if featuring on the list itself is shame enough.
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