NEWS FLASH

Tax Dodging By Multinational Corporations Costs Developing Nations $500 Billion Annually | According to a recent report by the European Network on Debt and Development, tax dodging by multinational corporations is costing developing nations hundreds of billions of dollars every year, helping keep those nations dependent on foreign aid. “It is estimated that more than a trillion dollars per year is flying out of developing countries,” said Marta Ruiz, a co-author of the report. “More than half of this amount is related to activities conducted by international companies.”