Growing share of corporate profits out of reach

Multinational corporations have shifted a growing share of the profits they earn outside their home countries to tax havens in recent years, which means the governments where they operate lose out on potential tax revenue.

Graph shows the share of foreign income earned outside the headquarter country shifted to tax havens.
Chart: The Conversation, CC-BY-ND Source: "Global Profit Shifting, 1975-2019," Wier & Zucman 2022 Get the data