Who are the most profit-making workers in the world?: the Chinese, the Bermudans or the Americans?
Which country is the number one exporter of bananas to Europe?: Jersey, Equador or Costa Rica?
For which country do we have the highest expectations for the future?: The British Virgin Islands, The USA or China?
The responses to these questions are far from being obvious...this is not least because of the massive use of tax havens by multinational companies, which distorts and falsifies the economy.
The report "A confused economy", launched today, highlights the distortions between the real economy and the indicators that guide the G20 and the International Financial Institutions. Investments, trade, savings, production- the report shows how the use of offshore financial centres makes any measurement of these indicators impossible. At the heart of this economic lie, the report points to the important role of multinationals and banks- the top users of tax havens.
The results of some very thorough research on the activities of the top 50 European companies, it delivers an unprecedented overview of the subsidiaries of these companies in financial black holes. While in 2011 France will chair the G8 and G20, the report also provides an overview of the fight against tax evasion since the G20 in London and recalls the expectations of civil society in this area, concerned with a greater fairness in both North and South.
The editorial of the report is available in English below.
Read the executive summary of the report in French.
Read the full report in French
No comments:
Post a Comment