MalReynolds comments on Wage theft is the biggest crime by annual losses

[–] MalReynolds@slrpnk.net 10 points 8 months ago (1 child)

Conspicuously absent are tax avoidance and fraud (especially insider trading), which likely give wage theft a serious run for it's money (boom boom), and as u/minorkeys says, labour value theft is where the capital comes from.

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[–] nimpnin@sopuli.xyz 5 points 8 months ago

Yup, tax avoidance seems to be orders of magnitude than anything in this infographic

This State of Tax Justice 2025 report shows that over the six year period for which data is available, US-headquartered multinational corporations cost countries around the world US$495 billion in lost corporate tax – some 29% of the global total of US$1.7 trillion lost to global corporate tax abuse. The United States itself is the biggest loser to global corporate tax abuse, losing $US271 billion to its own multinationals.

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