Global Tax Evasion Report 2024 [pdf]

TLDR:

- The objectives and scope of the report: The report aims to address the questions of global tax evasion and the effects of recent policies, using new data and research conducted by the EU Tax Observatory and its partners. The report focuses on the issues of international tax evasion and competition by multinational companies and wealthy individuals, and their consequences for government revenue, inequality, and globalization.

- The main findings of the report: The report establishes six new findings on the dynamic of global tax evasion and international tax competition, such as the reduction of offshore tax evasion by wealthy individuals, the persistence of profit shifting by multinationals, the weakening of the global minimum tax, the emergence of new forms of tax competition, the low effective tax rates of billionaires, and the revenue potential of a global minimum tax on billionaires.

- The recommendations of the report: The report makes six recommendations to address the issues identified in the report, such as reforming the global minimum corporate tax, introducing a new global minimum tax for billionaires, taxing wealthy emigrants, implementing unilateral measures to collect tax deficits, creating a global asset registry, and strengthening anti-abuse rules.

- The role and vision of the EU Tax Observatory: The EU Tax Observatory is a research laboratory hosted at the Paris School of Economics that conducts research on taxation with a focus on international tax issues. Its goal is to generate new knowledge, formulate proposals, and contribute to a more informed democratic debate. It also aims to become an IPCC for taxation, providing rigorous and global analysis of different policy options.