Saturday, March 30, 2013

Luxembourg is the ‘Death Star’ of tax havens

EFFORTS to tackle the global tax haven system over the last few years have been almost completely ineffective, according to a new financial secrecy index compiled by the Tax Justice Network which describes Luxembourg as tax haven 'death star' and accuses the UK of being one of the worst offenders.
Luxembourg comes third - but is described as the "Death Star" of financial secrecy in Europe "because of its leading role, in close political partnership with Switzerland and Austria, in fighting against information-sharing schemes in Europe".
I wonder if the money-junkies (fraudulently) introduced an income tax in the US in order to allow the rich a way to evade taxes in a way not possible with funding the government via sales/excise taxes!

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