Oct 31 2011

Phantom tax haven business – on video

Posted by: Nick Shaxson in: Thoughts

I recorded this very short clip last Friday while in tax haven Luxembourg. It’s a bit of fun – but it does help highlight the contrast between:

  • real businesses that do real things (ArcelorMittal, whatever you may think of them this is in an industry in Luxembourg that was historically built on local iron ore and steelmaking) and
  • phantom tax haven businesses (Itunes Europe, 8 Rue Heinrich Heine, a subsidiary of Apple, Inc. that I’ve blogged before.)

Sorry about the narrow picture view (it was recorded on my, er, Iphone).

2 comments so far

Phantom tax | Bgmiami 1th January, 2012 7.43 am

[...] Phantom tax haven business – on video | Treasure Islands: Tax …Oct 31, 2011 … I recorded this very short clip last Friday while in tax haven Luxembourg. It’s a bit of fun – but it does help highlight the contrast between: … [...]

[...] on a wall, on a street in Luxembourg. You’d think a major corporation like Apple would have something grander than that, but of course its operations aren’t really there. The important thing is [...]

Leave a comment