India is losing over $10.3 billion (about ₹75,000 crores) in taxes every year owing to global tax abuse by MNCs and evasion by private individuals, a report said on Friday.
The State of Tax Justice report said globally countries are losing a total of over $427 billion in taxes each year to international corporate tax abuse and private tax evasion. This is costing countries altogether the equivalent of nearly 34 million nurses’ annual salaries every year — or one nurse’s annual salary every second. In this episode of the Business Tit-bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
#MNC #TaxEvasion
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