![IMF](/content/images/size/w720/wp-content/uploads/2022/04/IMF-scaled.jpg)
IMF says that companies could pay nearly 14% more under global tax deal
Profit shifting is the whole idea of MNCs reporting profit to places with relatively less or no tax, a practice that, according to The Organisation for Economic Co-operation and Development (OECD), costs governments US$100-US$240 billion in lost tax revenue every year. So the IMF has struck a pact