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 Listen up, anarcho-capitalists: Singapore, Ireland top havens for multinational tax dodgers

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RR Phantom

RR Phantom

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Listen up, anarcho-capitalists: Singapore, Ireland top havens for multinational tax dodgers Vide
PostSubject: Listen up, anarcho-capitalists: Singapore, Ireland top havens for multinational tax dodgers   Listen up, anarcho-capitalists: Singapore, Ireland top havens for multinational tax dodgers Icon_minitimeWed Apr 30, 2014 10:30 pm
Australian companies sent almost $60 billion to related parties in tax havens in 2012, with payments to Singapore and Ireland featuring high on the list, according to new data.

Listen up, anarcho-capitalists: Singapore, Ireland top havens for multinational tax dodgers Art_n_offshore_0105-300x0

The data, never before released by the Australian Tax Office, provides an insight into how multinational groups shuffle money between countries and comes amid an international push to halt the use of tax havens by major corporations.

Due to their low tax rates, Singapore and Ireland are used by multinationals, especially technology companies such as Google and Apple, as locations for sales hubs or corporate headquarters.

Read more: http://www.smh.com.au/business/singapore-ireland-top-havens-for-multinational-tax-dodgers-20140430-37hzi.html#ixzz30QY3nRvj
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