Tax Havens: Threat for Public Budgets by Sven Giegold

The common good is abused. The struggle against tax havens is a struggle for the rule of law and democracy. Apple, Google, Amazon, Boeing, GE and scores of other corporations shift tens of billions of taxable profits to tax havens in the Cayman Islands, Switzerland and Lichtenstein. According to a 2013 article, one building in Wilmington, Delaware has 285,000 mailbox firms.

Public budgets suffer because of the missing revenue. Corporations seem to have rights without responsibilities. Trust and public spirit fall by the wayside when corporations pretend to be non-profits and obey another law and another logic.

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