US$ 30 trillion hidden in tax havens. AlJazeera Inside Story report shows how super rich and multinationals have exploited gaps in cross-border tax rules to move money offshore.
In a recent campaign against tax havens, the NGO Christian Aid published this following video, which explains in a very simple way, how multinational companies use sister companies in offshore fiancial centres to lower their tax burden. Very didactic and easy to understand.
Tax havens: Do companies pay their fair share?
CBS “60 Minutes” correspondent Lesley Stahl talks tax havens and the new ways American companies are stashing their profits abroad. Astaunding report about how US corporations are choosing new tax havens for establishing their corporate headquarters, which often are not much more than a maildrop…Companies searching out tax havens is nothing new: in the 80s and 90s there was an exodus to Bermuda and the Cayman Islands, where there are no taxes at all. Nowadays, places such as Switzerland and Ireland with low corporate taxes are the way to go…