Why does BHP have offices in the Swiss town Zug? Why did the - TopicsExpress

Why does BHP have offices in the Swiss town Zug? Why did the Commonwealth Bank previously make such a handsome profit in Malta? Why does Macquarie control 49 entities registered in the Cayman Islands, 18 in Bermuda, nine in Mauritius, six in the Isle of Jersey, four in the British Virgin Islands, two in Aruba and one apiece in the Dominican Republic, Isle of Man, Curacao and the Netherland Antilles? Is it that the bank has diversified its island operations between the Caribbean Sea, the Indian Ocean and the English Channel in case there is a tsunami? No, this significant island presence is complemented by 14 entities in Luxembourg, 58 in Ireland and four in landlocked Switzerland. Advertisement What all these places have in common is that they are tax havens. And the reason companies, funds and trusts are registered in such exotic locations is that they have something to hide. Most often, but not always, that something is profits. Read more: canberratimes.au/business/banks-use-tax-havens-to-conceal-20130908-2te1u.html#ixzz2ePa9q92a

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