India is estimated to lose 10. 10.30 billion a year due to tax evasion

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Mumbai, Ta. 21 November 2020, Saturday

According to a study, countries around the world lose ૪૨૭ 2 billion a year due to tax evasion at the international and individual levels. India loses ૩ 10.50 billion in annual tax losses to the rest of the world.

According to a study conducted by a private firm, tax evasion by multinational companies reduces the tax revenue of various countries by 3 billion every year. Tax evasion by private individuals costs governments નુકસાન 15 billion a year.

Multinational corporations take ન 1.3 trillion in profits to tax havens and hide or reduce the amount of tax they have to pay.

This amount is taken to countries where tax rates are low or non-existent.

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