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).