Tax Havens Explained: From Shakira to Adani
Mention the Cayman Islands, the Virgin Islands, or Bermuda, and many people envision picturesque Caribbean islands and vacation paradises. However, in the eyes of capital, these places are not just holiday destinations but also tax havens. These places harbor a large portion of the world's offshore companies and offshore cash. It is said that half of the world's cross-border transactions pass through these tax havens.