Financial Transparency Coalition

Towards the end of last month, Ann Hollingshead blogged about Businesses and Investors against Tax Haven Abuse, a coalition of over 400 small business owners and investors looking to curb the use of tax havens and shell companies by their larger multinational competitors. But how exactly do these multinational entities use tax havens? One method, which takes advantage of the disparity in tax rates between jurisdictions, is transfer pricing. Transfer pricing is an issue that has been described as incredibly lucrative to those involved and...