Multinationals move $16bn from Australia to tax havens each year

Landmark research finds profit-shifting is driving global reduction in headline tax rates, not competition

A landmark study has found multinational corporations are shifting roughly $16bn in profits out of Australia into tax havens every year.

It has also found the steady decline in corporate tax rates globally since the 1980s has not been driven by countries competing harder for productive capital and pushing corporate tax rates down, despite what politicians say.

Non-haven countries steal revenue from each other while letting tax havens flourish

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