Global Tax Evasions Due To Tax Abuse by MNC & Private Parties

• According to the State of Tax Justice report released on Friday, India loses $10.3 Bn (₹75,000 crores) every year due to tax evasions by the MNCs and individual companies and parties.

• Out of $10.3 Bn, $10 Bn has been lost due to tax evasions by MNCs and $300million has been lost due to tax evasions by individuals.

• According to the report, globally, countries are losing $427 Bn in taxes due to international corporate tax evasions.