Tuesday, July 2, 2013

Move The Money (To Offshore Tax Havens)

Many (including British Prime Minister David Cameron)  hoped that the G8 summit in Northern Ireland would start cracking down on international corporations that slide their assets around through tax havens like Bermuda and Monaco.  They do it to save money on taxes, the in total they save trillions of dollars that their home nations badly need.  This article from the Guardian gives some details of what went on and why Cameron's hopes for some reform at the summit were dashed (think USA).  This is grossly unfair and unjust, but at the moment it is not illegal.

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