Tax Havens. Where Money Hides in Style

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Investigating the strange world of tax havens, this film shows how some companies, including hugely profitable ones, use a particular European nation as a shelter to avoid paying millions in taxes. Viewers learn about recently discovered documents that have helped expose the tax practices of companies like GlaxoSmithKline. Such corporations have been getting big tax breaks on billion-pound transactions in the tiny country of Luxembourg. By opening offices there, diverting profits overseas, and having the Luxembourg office lend to offices in other parts of the world, a company can avoid multimillion euro tax bills in their country of origin. Viewers are left with an inevitable question: in times of economic hardship and austerity, when reducing government debt looms as an ever-greater challenge, does big business carry its weight or get a free ride?