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Almost $500bn ‘lost to tax abuse by firms and super-rich in 2021’
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Countries are losing almost half a trillion dollars through tax abuse by multinationals and the super-rich, enough to fully vaccinate the global population against Covid-19 three times over, a report has said.
Research by tax campaigners found that estimated losses had risen from $427bn last year to $483bn (£359bn) in 2021, with the UK alone responsible for almost 40% of the total.
Britain facilitates abuse and evasion through a network made up of British overseas territories and the City of London, the report said.
The State of Tax Justice 2021 – jointly published by the Tax Justice Network (TJN), the Global Alliance for Tax Justice and the global union federation Public Services International – said $312bn of the total sum was the result of
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