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Tax Avoidance and Evasion in Developing Countries

Summary

This resolution addresses how tax evasion and avoidance hinder development in poorer nations. It calls for increased transparency and international cooperation to prevent illicit financial flows.
10 08.07.2015
Other
economy
justice
taxation
government
human rights
social policy
international relations
business and competition
public finance and budget policy

Key points

  • Illicit financial flows result in an annual capital flight of approximately one trillion USD from developing countries.
  • Tax havens and secrecy jurisdictions cause an estimated annual loss of 189 billion USD in tax revenue.
  • The Dutch tax system has been found to facilitate withholding tax avoidance, costing developing countries between 150 and 550 million EUR per year.
  • Multinational companies, particularly in extractive industries, should be required to adopt mandatory country-by-country reporting.
Documents (PDFs)
REPORT on tax avoidance and tax evasion as challenges for governance, social protection and development in developing countries Tax avoidance and tax evasion as challenges in developing countries
These raw data are provided by the Open Data Portal of the European Union (data.europa.eu) and are licensed under ODC-BY 1.0.