Tax Havens Cause Poverty

[suchandra 1]

TAX HAVENS CAUSE POVERTY

 

http://www.taxjustice.net/cms/front_content.php?idcat=2

 

80% of global companies are working with affiliated companies which are being used to export goods from 3rd world nations with almost not paying any tax.

This works by sending those goods at a price far below value to the affiliated company pretending that this is the price of sale.

Customs authorities can't figure in this way of being cheated.

 

Greenpeace accuses Danzer of tax scam in Congo/Africa

 

 

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RICHMOND, VA , July 31, 2008 (RISI) - A new Greenpeace International report accuses German-owned logging enterprise Danzer Group of profit laundering to avoid taxes in the Congo. Greenpeace said the lost tax revenue could be nearly 8 million Euros.