Tax havens continue to facilitate theft out of developing countries
The UK and its overseas territories and dependencies continue to be the world’s greatest facilitators of cross-border tax abuse, comprising six of the top 15 countries on the latest edition of the Corporate Tax Haven Index. Says the Tax Justice Network, which publishes the index: “Countries are estimated to lose $84-billion in corporate tax a year due to multinational corporations using the UK and its British tax havens to underpay tax.”