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Articles on Tax havens

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Looks like paradise – especially if you’re a multinational corporation in need of a tax haven. LeoPatrizi/E+ via Getty Images

$1 trillion in the shade – the annual profits multinational corporations shift to tax havens continues to climb and climb

New research shows that companies are shifting record amounts of their profits to tax havens, despite a global effort to crack down on the practice.
The Panama Papers was the biggest-ever collaboration for investigative journalism, involving 400 journalists in 80 countries who collectively produced 6,000 stories in 100 different media outlets. Shutterstock

Media Files: investigative journalist Bastian Obermayer, who led the Panama Papers tax exposé

Media Files: investigative journalist Bastian Obermayer, who led the Panama Papers tax exposé The Conversation, CC BY80.6 MB (download)
Today we meet Bastian Obermayer, the Pulitizer prize-winning journalist who led the Panama Papers investigation into global tax evasion.
Glencore’s lawyers argued anything about the company in the Paradise Papers was “privileged” and the tax office should be prevented from using that information. www.shutterstock.com

Australia’s tax office can use global data leaks to pursue multinationals, High Court rules

The High Court of Australia has given the Australia Taxation Office a green light to use leaked information about Glencore and offshore tax havens.
Tax sheltering is not just the domain of exotic Caribbean isles. Major world powers, including the United Kingdom, play a critical and previously undisclosed role in global tax avoidance. CORPNET

These five countries are conduits for the world’s biggest tax havens

The Netherlands, Switzerland, the United Kingdom, Singapore and Ireland are among the rich countries that funnel major corporate money into secret offshore tax shelters, according to a new study.

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