EU Think Tank to Issue Country-by-Country Tax Deficit Estimates

Researchers from the EU Tax Observatory will publish in October estimates of “tax deficits” incurred by countries as a consequence of underpayment of corporate income tax by multinationals relative to statutory rates.

Brazil, for example, loses about $9 billion annually, or an amount equivalent to 17% of its corporation tax revenues, because of corporate profit-shifting, with the Netherlands, Ireland, Malta, and the Caribbean among the main destinations for the money, Gabriel Zucman, the Observatory’s director, said during a briefing Tuesday.

• The statistical analysis of tax deficits, to be issued Oct. 23, would provide similar estimates for all countries, based ...