A representative of China's tax authority spoke at TJN's transfer pricing conference in Helsinki today.<\/p>\n
We've often said, quoting the OECD, that at least 60% of world trade goes through tax havens. <\/p>\n
China reckons 73% of its trade is with tax havens.<\/p>\n
And you wonder why we think tax havens might distort world trade? With a tiny proportion of the world's population this volume of trade can only be motivated by the economic abuse they facilitate. <\/p>\n
China clearly agrees with us. I guess that's why they're here. They, like all other countries, need to tackle the abuse that tax havens facilitate. <\/p>\n","protected":false},"excerpt":{"rendered":"