How Tax Havens Plunder the Poor
- United Kingdom Action Aid 2013
- 20p.
Tax havens are jurisdictions around the world that make wealthy taxpayers from other countries an offer that is hard to refuse: a combination of low- or no-tax rates for many types of income deriving from outside their borders, and near-complete financial and corporate anonymity. Caricatured as ‘sunny places for shady people’, tax havens are often criticised by public and politicians for playing host to money laundering and celebrity tax evasion. But tax havens have another side too: they are depriving some of the world’s poorest countries of vital resources to fight poverty.
