Many large corporations use “legal” structures and secrecy jurisdictions to avoid or reduce their tax commitments or to hide beneficial ownership. Discuss how this undermines financial regulation and frustrates tax collection. Also discuss the adverse impacts on small businesses, governments and citizens in the jurisdictions where the tax is not paid and also the adverse consequences for the tax haven.
Use an example from a large and complex British, French or American financial firm that uses (or provides to its clients) such structures and tax havens to illustrate your key arguments. ( Minimum word count 3250 words) Minimum number of sources is 15.
