Corporate Tax Evasion on a Global Scale

This new study from Education International looks interesting.

“This EI study follows on from a previous study published in March 2010 by Global Financial Integrity, a research and advocacy organisation promoting transparency in the international financial system, estimating that current total deposits just by non-residents in offshore and secrecy jurisdictions were close to US$10 trillion. The US, the UK and the Cayman Islands are topping the list of jurisdictions.

The EI study shows how powerful multinational companies use their global reach to avoid meeting their fair fiscal obligations. They achieve this, first of all, through strategies like exploiting legal loopholes and offshore tax havens. The study highlights the extraordinary statistic that an estimated 60% of all global trade is actually routed through tax havens.”