Almost 40% of global multinational profits were shifted to tax havens according to estimates from Wier and Zucman (2022). They estimate that this is the equivalent of around 10% of global corporate tax receipts. Absolute tax losses have been largest in the US and UK (and highest relative to the total tax take in Germany and France), while Ireland and Singapore have been the world’s largest recipients of shifted corporate profits between 2015 and 2019.