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Almost $500bn ‘lost to tax abuse by firms and super-rich in 2021’

Figure would be enough to fully vaccinate global population against Covid three times over, report says

Countries are losing almost half a trillion dollars through tax abuse by multinationals and the super-rich, enough to fully vaccinate the global population against Covid-19 three times over, a report has said.

Research by tax campaigners found that estimated losses had risen from $427bn last year to $483bn (£359bn) in 2021, with the UK alone responsible for almost 40% of the total.

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