#cbcr — Public Fediverse posts

Australia shows how transparency can fight corporate tax abuse. Public country-by-country reporting (CBCR) helped expose profit shifting by multinationals. The world should follow suit and let the sunshine in.

#taxjustice #transparency #corporatetax #cbcr #australia #fairtax

https://taxjustice.net/2025/05/12/lessons-from-australia-let-the-sunshine-in/

Latest round of global #CBCR data, released by OECD today, (re)confirms now well-established facts about global financial geography, indicative of profit shifting:

- Corporate employees in #taxhavens are significantly more ‘productive’ than other employees.
- Overrepresentarion of related-party revenues in #taxhavens subsidiaries

+ much more!

https://www.oecd.org/tax/new-oecd-data-highlight-multinational-tax-avoidance-risks-and-the-need-for-swift-implementation-of-international-reform.htm

Interesting new report from Tax Justice Network. Highlights the cost to the world of the continuing failure to deliver public tax transparency for multinationals.

Governments are depriving themselves and their people of $89bn in corporate tax a year by abiding by the OECD concession to keep corporate tax abusers' data anonymous.

1 of every 4 tax dollars lost can be prevented by making #CBCR data public.

#TaxJustice2022 #Tax #TaxJustice #Transparency

h/t @alexcobham
https://taxjustice.net/press/governments-can-recover-billions-from-tax-havens-by-publishing-withheld-transparency-data/