pn624. NZ losing $577m a year to 'global tax abuses', international study estimates

 New Zealand is losing US$401 million (NZ$577 million) a year through global tax evasion, much of it through profit-shifting by multinationals, an international lobby group has estimated.

The figure is included in a report published by the Tax Justice Network which estimated that “international tax abuse” by companies and wealthy individuals is costing countries globally US$427b.