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Global corporates shifted $616 billion in profits to 11 tax havens
David Marchant
Posted: Monday, August 20, 2018
Joined: 9/13/2007
Posts: 1278 Despite growing global outrage at the existence of tax havens, the schemes for massive global conglomerates to swerve paying their share seem more popular than ever. Now a new study has shown that just 11 tax havens continue to soak up some $616 billion in profits, as companies continue to leverage legal loopholes to move profits away from domestic tax regimes.

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Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.