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Datawatch

Where did corporate taxes go? Nations find digital gains elusive

Multinational companies scour the globe for best saving options

The sources of value created by Google, Amazon and other IT companies are intangible assets like brands, expertise and customer data (Source photos by Getty Images/Reuters).

TOKYO/FUKUOKA, Japan -- While big corporations across the world have enjoyed an earnings boom in recent years, data shows that governments have not seen corporate tax revenues increase in tandem.

In a digital economy with no physical borders, governments struggle to grasp the full activities of multinational corporations, and businesses scour the globe in search of the biggest tax savings. This has led to an international race to the bottom on tax rates offered.

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