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Tax games: the race to the bottom

Europe’s role in supporting an unjust global tax system

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European governments are leading a race to the bottom which will see average global corporate tax rates hit zero by 2052, according to new findings out today. A detailed analysis of 17 EU member states and Norway reveals 12 governments have either just cut their corporate tax rate, or are planning to do so in the near future.

As big businesses are made to pay less corporate tax, consumers have to pay more in order to fill the gap. As today’s report points out, this disproportionately hits the poorest and risks exacerbating inequality rather than reducing it.

The report finds that:

The chapter about The Netherlands was written by SOMO and Tax Justice Nederland(opens in new window) . SOMO and Tax Justice Nederland are both members of Eurodad(opens in new window) , a network of 46 civil society organisations (CSOs) from 19 European countries, which works for transformative yet specific changes to global and European policies, institutions, rules and structures to ensure a democratically controlled, environmentally sustainable financial and economic system that works to eradicate poverty and ensure human rights for all.

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