In Part II, I review the commonly used corporate techniques to shelter profits in overseas low tax havens and why an ESG investor might want to push for more transparent jurisdiction by jurisdiction data. I suggest a tentative role model of what such disclosures should look like.
Dollar bills on a sunny beach… Suggesting a tax haven (The Panama Papers…)
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Tax shelters overseas
Tax shenanigans in shelters abroad usually come to light only when congressional hearings are held or a disruptive event such as the Paradise paper hack happens. One can rarely, if ever, discover tax shenanigans via the tax footnote in a company’s 10-K.
I found congressional hearings related to overseas tax shelters in November 1999 and November 2003 April 2005, and November 2012. The corporate tax abuses that came to light mostly because of such hearings, congressional research and hacks include:
· Apple’s tax avoidance efforts shifted at…
