Brief look at that tax havens report
Posted by Christie Malry on October 11, 2011 at 11:42 am
ActionAid says that those bad companies on the FTSE 100 are investing in bad tax havens.
So what are the three biggest tax havens? Turn to page three. They're the US state of Delaware, the Netherlands and Ireland. Switzerland is ninth.
When your biggest tax haven is a country with a federal tax rate of 35% and your two next biggest are first world countries that are fully fledged members of the European Union, with all the social responsibility that brings, it's probably a good time to admit your tax havens report is a load of bollocks.
I was surprised to not see "authored by Richard J. Murphy, Director, Tax Justice Network" anywhere in the report.
Yes, me too. But he\'s claiming that the report builds upon work he originally did here. So, yes, it is the devil\'s work indeed.
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