Isle of Man hits back at G8 over tax evasion and questions secrecy of UK and US banks

Friday, June 14th 2013 - 23:20 UTC

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The Isle of Man and Jersey have hit back at accusations that they facilitate tax evasion and avoidance ahead of next week's G8 summit. The offshore jurisdictions, frequently described as tax havens, suggest recent pressure from world leaders is politically motivated. Read full article

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DennisA
If tax rates were lower, perhaps more tax would be paid. Ireland attracts companies there because its corporation tax rates are lower than the UK.

“One of those key demands to be discussed at the G8 summit will be a call for a central global register of companies showing who owns and controls companies wherever they are based in the world.”

Pie in the sky, and political gesturing. Companies like Google have complied with relevant tax law. They didn't write the law.
Jun 15th, 2013 - 07:18 am - Link - Report abuse 0
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