Why corporate abuse of tax havens matters

[Scuba]

http://www.taxresearch.org.uk/Blog/

..snip..

The almost inevitable response to Action Aid’s report on tax haven abuse by major corporations has already arrived on this blog. It says (and I have tidied the grammar a little):

The whole tax haven thing is nonsense, Where do companies like Vodafone get the money to pay taxes? From their customers, so by asking for corporations to pay more taxes you are implicitly saying you want the cost of things you goods/services they provide to go up in price.

Such claims are simply wrong. This may be how the world work’s on the neoliberal economists blackboard. It;’s not how the world really is.

Let me for a moment unpack some of the assumptions inherent in this claim:

1) A company only generates cash inflows from customers;

..end..


Some of the examples cited in this article are not germane to the US (e.g., healthcare) but it's a good read.



edited to revise link