"Uncovering dirty profits: the global allocation of extractives"
The webinar presents new insights into how profits from extractive industries—such as oil, gas, and mining—are globally allocated and taxed. Drawing on recent research, it reveals how 36% of global profits are shifted to low-tax jurisdictions, undermining domestic revenues in resource-rich, low- and middle-income countries. With extractives forming a significant share of public income—for example, 20% of total revenue in Zambia in 2021—this profit shifting limits governments’ ability to fund essential services like education, healthcare, and infrastructure. The discussion highlights the mechanics of profit shifting, its development implications, and the urgent need for more transparent and equitable global tax practices.