The October Taxcast: Swiss villagers, and the oil company with 60 sets of books

In the October 2013 Taxcast: Swiss villagers send some of profit shifting mining giant GlencoreXstrata's money to humanitarian projects, tax havens do some window dressing and HOW many sets of accounts does a multinational corporation really need to file its tax returns? The David and Goliath story of tax collection - even for the United States.



Featuring the Tax Justice Network's John Christensen and Tax Attorney and offshore expert Jack Blum, who notes:

"A well known international oil company that I had the  privilege of looking at several years ago had, as I was shocked to find, over 60 different sets of books: one for each jurisdiction that it was doing business in, and then on top of that a set of internal books  to allocate profits for bonus purposes and internal management purposes. And they were all different."

And much, much more.

Produced by @Naomi_Fowler for the Tax Justice Network.
Taxcast Home site: www.tackletaxhavens.com/taxcast

Url: http://traffic.libsyn.com/taxcast/Oct_Taxcast_13.mp3Any source