Earlier this month, G7 finance ministers signed a landmark tax deal, which seeks to stop major global corporations avoid tax by moving their operations between countries. In light of this agreement, U.S. President Biden’s new tax plan and other recent tax-related initiatives, our latest Themis briefing note sheds light on tax abuse.
What is the difference between tax evasion and tax avoidance? What impacts do both phenomena have on societies and the global financial system? Why are fair tax contributions integral to being a responsible, sustainable business? Read to find out more.