Mafia expert Roberto Saviano was right this week when he said that it’s Britain, rather than Afghanistan, the South of Italy or Nigeria, which is the most corrupt country in the world.
It was highly moving to hear the Prime Minister explain that the reason he gave misleading answers about benefiting from offshore tax arrangements was because he was angry with comments made about his dad. It makes you realise that, when it comes to tax avoidance, the Camerons are the real victims.
The 50 biggest US companies have more money stashed offshore than the entire GDP of Spain, Mexico or Australia, collectively keeping about $1.3trn (£0.91trn) in territories where the money does not count towards US tax, according to a new report by Oxfam.
Organised crime prosecutors raided the offices of the Mossack Fonseca law firm looking for evidence of money laundering and financing terrorism following a leak of documents about tax havens it set up for wealthy international clients.
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