PARIS: Tax evasion is costing the world about $427 billion (362 billion euros) per year with cash funneled via murky tax havens, according to data published Friday by the Tax Justice Network.
The TJN said in a statement that it has sifted through records worldwide in the first global study of its kind — and urged global action over shadowy tax havens that have diverted billions of dollars from nations currently fighting the Covid-19 pandemic.
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