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Governments worldwide are losing $427 billion a year to tax havens. The U.S. alone loses $90 billion in tax revenue.

Governments worldwide are losing $427 billion a year to tax havens. The U.S. alone loses $90 billion in tax revenue.

November 20, 2020

Governments around the world are losing $427 billion each year to tax avoidance and evasion as companies and wealthy individuals shift their money to tax havens, according to a comprehensive new report that urges an overhaul of the "broken" tax system.

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