un urges countries to stem tide of firms profit shifting to tax havens /

Published at 2016-05-03 20:26:50

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Unctad thinktank shows firms funnelled $221bn in 2015 through low-tax jurisdictions such as the Netherlands and tax havens in the CaribbeanThe UN has urged governments to stem the flow of funds to tax havens after companies funnelled $221bn (£152bn) into countries with low tax rates final year. Related: The Cayman Islands – home to 100000 companies and the £8.50 packet of fish fingers Continue reading...

Source: theguardian.com

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