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Transcripts For DW Business - News 20171111

Tells us stirring stories. Told it makes us laugh. And cry foul play trouble and smile fold magical images and emotions that dont cost a as you know the magazine every weekend on d w. The Paradise Papers and of the leak of global tax avoiders Britains Queen is listed. Along with one hundred twenty International Companies like americas apple facebook. The Paradise Papers show once again how the global elite avoid paying taxes taxes governments need to fund schools hospitals and roads its not illegal to move your money offshore into low tax countries but you do need highly specialized lawyers to ensure income you make in a high tax country is taxed in a place where the rates are rock bottom. This is how the system functions. A german i. T. Company for example registers its peytons through a subsidiary based in ireland where the tax rate is much lower than at home. Even though the product primarily sells in germany the income is booked in ireland. As a result only a small part of the comp

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