Poor nations bear brunt of global trade tax dodging

April 15th, 2009

The Irish Times

OPINION: Authorities must tighten up on a tax system that costs developing countries billions, writes DAVID McNAIR

IT HAS been called the ugliest chapter in global economic affairs since slavery. And, as with slavery before abolition, it is so widely accepted that for years it has excited little or no comment.

It is the manner in which businesses trading internationally shift billions of euro of profits between jurisdictions to reduce, or even dodge completely, their tax bill.

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