Lost public income due to the underpayment of taxes
We estimate that companies will cause at least $0.4 trillion of harm to citizens of countries in which they operate in 2021 due to the underpayment of taxes.
When companies use techniques to avoid paying taxes, that lost public income results in both the loss of vital public services and the increased tax burden placed on individual citizens.
We use historical and projected tax payments for each company to estimate how much they will likely pay in 2021 and compare this to their blended statutory tax rate. The cost is simply to the dollar deficit