Dear Log,
Some tax-time thoughts for you all:
«Many major companies - including Virgin, Microsoft, General Motors, Kodak, News Corp, Boeing, Chevron, Northern & Shell and Portland Investment - use offshore tax havens to avoid tax obligations in host countries.Almost one-third of the world's gross domestic product passes through such tax havens as Belize, Guernsey, Bermuda, the Isle of Man, the Bahamas and the Cayman Islands. Places like Belize offer secrecy and do not recognise judgments and claims from other jurisdictions. They specialise in opaque corporate and financial structures, with no annual company reports or disclosures.»
