A new study by the Tax Justice Network has uncovered a startling fact: the United Kingdom is the leading country in helping big corporations dodge their taxes! This means that many large companies are avoiding paying their fair share of taxes, and it’s happening right under our noses.
What’s Happening?
According to the analysis, British Overseas Territories and Crown Dependencies—places like the Isle of Man, Jersey, and Guernsey—are at the top of the list for being tax havens. This means they have laws that make it easy for companies to avoid paying taxes on the money they make. In fact, about one-third of all global tax dodging is linked to the UK!
How Does This Compare to Other Regions?
Interestingly, the study found that countries in the European Union are also responsible for another third of tax dodging worldwide. In contrast, African nations only account for about four percent of tax evasion, while countries in Latin America contribute just three percent. This sh...
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