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India losing USD 10.3 Bn in taxes per year due to tax abuse by MNCs, Evasion by individuals: Report

Shortpedia

Content Team
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India is losing over USD 10.3 billion (about Rs 75,000 crore) in taxes every year owing to global tax abuse by MNCs and evasion by private individuals, a report said on Friday. The State of Tax Justice report said globally countries are losing a total of over USD 427 billion in taxes each year to international corporate tax abuse and private tax evasion.