Chapter 7c - Profit Repatriation and Tax Avoidance
Sovereign states experience threats from multinationals that exploit tax loops through their complex network of subsidiaries to move profits out of reach. This costs governments and restricts their revenue. All regions are grappling with the problem. Developing and emerging economies suffer vast levels of capital flight, from tax avoidance, profit repatriation and elicit flows of finance facilitated by global tax...