Countries are losing a total of over $427 billion in tax each year to international corporate tax abuse and private tax evasion, costing countries altogether the equivalent of nearly 34 million nurses annual salaries every year – or one nurse’s annual salary every second.

The State of Tax Justice 2020, a first-of-its-kind annual report by the Tax Justice Network, reveals for how much tax each country in the world loses to international corporate tax abuse and private tax evasion. While there have been estimates in the past about the tax lost globally to tax abuse, it has been difficult to determine how much each country loses individually – until now. After nearly two decades of campaigning by the Tax Justice Network, the OECD (an intergovernmental body of rich countries and a leading rules-setter on international tax) finally released game-changing transparency data in July 2020 on multinational corporations’ financial affairs, making it possible to estimate each country’s tax losses with unprecedented accuracy by analysing the new data.

The State of Tax Justice 2020 also provides an annual snapshot of countries’ rankings on the Tax Justice Network’s Corporate Tax Haven Index and Financial Secrecy Index and their vulnerability to illicit financial flows as tracked by the Tax Justice Network’s vulnerability tracker.

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