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P21 Issue 1034 – August 8, 2018

There’s nothing illegal about basing your company in a remote and exotic location that has as a major attraction loose and flexible tax arrangements. The EU has identified at least 17 such desirable sites for your corporate HQ that includes the UK islands of Jersey, Guernsey and the Isle of Man as well as such upstanding world citizens as Mongolia, Namibia, Panama, Trinidad & Tobago, Bahrain, the United Arab Emirates and Guam, the US territory in the Pacific. Apart from the benefits of negligible oversight of financial transactions, there’s the advantage an opaque reporting of tax results and payments.

Multi-national corporations that operate from the havens, such as the New Amcor, which intends to reside in Jersey, can choose where to pay tax, and how much. It may be best financial practice, but it doesn’t do much for their reputations as good corporate citizens.

Welcome to your latest issue of Print21, the premier news and information service for the printing industry across Australia and New Zealand.

Patrick Howard
Publishing editor