Oxfam report: Ireland named as one of the worst tax havens in the world – TheLiberal.ie – Our News, Your Views

Oxfam report: Ireland named as one of the worst tax havens in the world





Ireland has been branded as one of the worst tax havens in the world, when it comes to helping large business dodge billions of euro in tax yearly. 

In the scathing report by development agency Oxfam, Ireland was placed sixth in a list of 15 countries that assisted large-scale corporate tax avoidance through profit-shifting, aggressive tax planning structures and so-called sweetheart deals.

Jim Clarken, chief executive of the agency’s Irish arm, said: 

“Around the world, we are known as a country of good fun, bad weather and awful tax policies that facilitate worsening inequality by allowing some of the world’s richest companies to avoid paying their fair share to society,” . 

In Oxfam’s Tax Battles report, Bermuda was ranked as the worst of the 15 countries under review, followed by the Cayman Islands and the Netherlands. 

Switzerland and Singapore were ranked in fourth and fifth place followed by Ireland, with Luxembourg, Curacao, Hong Kong and Cyprus making up the rest of the top 10.

The last five were the Bahamas, Jersey, Barbados, Mauritius and the British Virgin Islands.

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