Unless substantial reforms are made to global tax rules, countries around the world are on course to lose $4.7 trillion in tax revenue over the next 10 years as multinational corporations and wealthy individuals use tax havens to underpay tax, an international tax fairness advocacy group estimates.
The Tax Justice Network made this warning in its annual State of Tax Justice report, published on Tuesday.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.