ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more