TOKYO -- Around $15 trillion flowed into tax havens in 2017 under the guise of genuine foreign direct investment, amounting to nearly 40% of global FDI that year, according to a new report co-written by the International Monetary Fund.
Economy
Tax avoidance drives nearly 40% of global FDI: report
'Phantom' investment flows into Netherlands, Luxembourg and other tax havens
The central train station in Amsterdam: the Netherlands is one of the world's top destinations for "phantom" direct investment, a new study finds. © Reuters
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