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F&D Article – Empty business shells in tax havens undermine taxation collection in advanced level, rising market, and developing economies

Based on formal data, Luxembourg, a nation of 600,000 individuals, hosts just as much international direct investment (FDI) whilst the united states of america and even more than China. Luxembourg’s $4 trillion in FDI is released to $6.6 million someone. FDI for this size scarcely reflects investments that are brick-and-mortar the minuscule Luxembourg economy. Continue reading “F&D Article – Empty business shells in tax havens undermine taxation collection in advanced level, rising market, and developing economies” →