Monday, June 11, 2018
Cuts In US Corporate Taxes Fails To End Use Of Tax Havens
This article lists the largest tax haven nations that are used by global corporations. They tend to have a small number of employees in relation to their taxable profits. That is, they add very little value to the products produced for sale in those nations. We live in a world with global corporations that organize their accounting to serve their own purposes. Nation states seem unable e their efforts to reduce taxation since they are not organized to control globally organized entities. The net effect is to shift the tax burden to local residents.