Tax havens under scrutiny at #WEF20
Calls for governments to clamp down on companies who use tax havens to pay lower taxes on their profits have been growing louder.
Calls for governments to clamp down on companies who use tax havens to pay lower taxes on their profits have been growing louder.
The Mauritius Government has acted with indignation at some of the allegations in the ICIJ report and says the information has been obtained illegally.
There are 200,000 confidential records from early 1997 to 2017 from law firm Conyers Dill & Pearman, a Bermuda-based offshore law firm with an office in Mauritius on the USB stick given to the ICIJ by a whistle blower.
European Union finance ministers agreed to add 10 countries to a blacklist of alleged tax havens, including the United Arab Emirates and Bermuda, despite last-minute push-back by some EU nations.
What really gets Winnie Byanyima angry is how much wealth has been accrued through “tax planning” – the way billionaires use offshore tax havens.