Tax Data Reveal Firms Shifting Profits and Paying Lower Rates

July 29, 2021, 9:00 AM

Global companies are benefiting from a prolonged decline in tax rates and continue to shift profits between jurisdictions to further cut their bills, new data from the OECD showed.

In its annual update of a database designed to help governments analyze tax flows and make firms pay their fair share, the Paris-based organization found that corporate rates in the last 20 years have fallen in 94 of the 111 countries and territories it monitors. Meanwhile, its statistics showed disparities between the location where multinationals report profits and where economic activity actually occurs.

The findings add pressure to conclude years-long ...

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