OPINION

Tax havens are fuelling autocracy

Oped, Published on 23/02/2023

» People have been trying to dodge paying taxes since time immemorial, but globalisation has turned tax avoidance and evasion, as well as money laundering, into a lucrative business model. Over the past few decades, offshore tax havens such as the Cayman Islands, Bermuda, Cyprus, and Ireland have enabled corporations and wealthy individuals to conceal profits and private wealth on an unprecedented scale.