Many persons do not know, and may also wish to know how tax havens work. The prima facie method involves corporate profit shifting from the country of corporate operations to the tax haven
-By Prof. Bhagwati Prakash Sharma The massive trove of secret financial dealings and unimaginable quantum of illicit wealth, stashed in 19 tax havens, surfaced in the recent and fourth consecutive global financial leak in a short span of five years, is a mind boggling expose. This leak of the “Paradise Papers”, reported in the news…