Governments have responded to the pandemic with massive public spending, but at some point someone is going to have to pay for it. Faced with the cost of the crisis, could this be the time to revisit the framework for corporate taxation? Many high-profile international businesses have become masters at cross-border tax avoidance over the years, and IMF economists estimate lost revenues from this to add up to $650bn every year. The crisis may accelerate tax reform, but changing the system will require a revolution.

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