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CICTAR: UK Care Homes Shift Profits Offshore According to Report LONDON, Feb. 23, 2021- Darkness at Sunrise: UK Care Homes Shifting Profits Offshore? - by the Centre for International Corporate Tax Accountability & Research (CICTAR) and Public Services International (PSI) reveals that UK care homes shift profits offshore while charging thousands of residents £200 in daily fees. Ownership through tax havens enables the more than 60 care homes to report losses in the UK while foreign investors make a killing in a sector subsidised by public spending. COVID-related deaths in UK care homes hav...

OpenLux is just the latest scandal A year-long investigation by a collation of journalists, led by French publication Le Monde, involved obtaining and assessing more than 3 million official documents from more than 260,000 companies, spanning a period from 1955 to 2020. Transparency International and the Anti-Corruption Data Collective (ACDC) found that 80% of investment funds did not declare their beneficial owners. In addition, 15% of funds gave conflicting information to different revenue authorities. These findings will further fuel claims that the EU and countries like Luxembourg have to...