Ordinary people resort to loopholes so they can also avoid paying excessive tax. Small business owners in the town of Crickhowell in Wales decided to do it, too. But they say it's not about breaking the law - but taking on the big-time tax evaders.
The Paradise Papers have shown that many Germans are among those who park their money in tax havens. They may have done so legally, to cover up illegal business deals, or simply to benefit from tax avoidance schemes.
Germany is the biggest loser when it comes to profit transfers to tax havens. But according to international tax expert Gabriel Zucman from UC Berkeley, the eurozone's biggest economy could change this quickly.
The Paradise Papers data release shines a light on the tax activities of politicians and some of the world’s richest people. But it appears for now that most of the questions raised are ethical rather than legal.
New relevations about Apple's tax avoidance strategy are making headlines as the Paradise Papers scandal unfolds further. EU finance ministers are due to discuss the issue during talks in Brussels on Tuesday.
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