UN Research Paper Shows Profit Shifting in Recent Years has Remained Constant Despite Major International Efforts

The United Nations University World Institute for Development Economics Research (UNU-WIDER) has issued a release announcing the publication of a new research paper showing the first global estimates of profits shifted to tax havens between 1975-2019. The paper shows that profit shifting to tax havens has increased from less than 2% of multination profits in the 70s to nearly 40% in 2019. The paper also focuses on profit shifting in the period 2015 to 2019, during which major international e…