Why Did the Chicken Cross the Channel? To get to a tax haven
July 16th, 2014
Last week, the International Consortium of Investigative Journalists (ICIJ) announced that it had received troves of data on a number of wealthy UK individuals that held money in an offshore bank in the Channel Isles, a British crown dependency and well known tax haven.
The ICIJ, along with The Guardian, dissected the documents, and released a number of stories outlining some of their findings. One of the more interesting tax arrangements uncovered seems to be that of the owners of Nando’s, the worldwide restaurant chain famous for its chicken dishes.The Guardian produced a video explaining Nando’s tax structure, which offers a great look at just how intricate tax schemes can become.
Watch the video here: