Multinationals shift $1.3tn into tax havens every year, groundbreaking analysis reveals

Multinational firms shift $1.3 trillion (£1 trilllion) a year into tax havens to avoid paying their fair share, analysis of groundbreaking new data has found.The UK is a key part of an “axis of tax avoidance“, along with the Netherlands, Switzerland and Luxembourg, that facilitates 72 per cent of corporate tax dodging, according to the Tax Justice Network, which conducted the research.