May 16, 2021 - Politics & Policy

By the numbers: U.S. loses more tax revenue than any nation

Data: Tax Justice Network; Chart: Michelle McGhee/Axios

The Biden White House wants to invest in tax enforcement to help pay for its infrastructure plan and social spending, saying it could bring the federal government about $700 billion in 10 years.

By the numbers: There’s some dispute over the exact amount of money the U.S. government loses because of tax evasion —but it’s decidedly a lot. One report by the Tax Justice Network found the country loses more taxes each year than any other nation, although the amount equates to about 6% of its public health budget.

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