Watch any film with a moustache twirling bad guy and he'll always be transferring money to his Caiman Island or Swiss bank account. Unfortunately, this activity isn't restricted to the movies.
Every year, hundreds of billions of dollars are illegally transferred out of developing countries devastating the region's resources, maintaining poverty and robbing the people of the right to invest in general goods and services. More often than not, it is large, powerful corporations doing this in order to escape tax authorities and regulators. [more..]
http://www.fsteurope.com/news/tax-havens/
Every year, hundreds of billions of dollars are illegally transferred out of developing countries devastating the region's resources, maintaining poverty and robbing the people of the right to invest in general goods and services. More often than not, it is large, powerful corporations doing this in order to escape tax authorities and regulators. [more..]
http://www.fsteurope.com/news/tax-havens/