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Author Topic: Ecuador Leads Way Battling Tax Havens as US Fails to Act  (Read 532 times)


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http://www.telesurtv.net/english/news/Ecuador-Leads-Way-Battling-Tax-Havens-as-US-Fails-to-Act-20170412-0015.html sounds scary if you are some political scumbag. Interesting.

Top U.S. companies stashed a staggering US$1.6 trillion in tax havens, a practice that also sucks US$100 billion annually from poor nations, according to a new report from Oxfam. While U.S. President Donald Trump's promise to “drain the swamp” appears to have fallen on deaf ears, Ecuador’s efforts to combat tax havens continue to set world standards.

According to Oxfam’s report “Rigged Reform,” 50 of the biggest U.S. companies including Exxon mobil, General Electric, Microsoft, Apple and Wal-Mart stashed a US$1.6 trillion in offshore tax havens. Apple was ranked the top company, as it was able to move US$200 billion offshore.

Tags: ecuador tax havens 

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