Socialist Worker

All the profit, none of the tax

Issue No. 2350

Commodity firms pay low rates of tax, on average no more than 15 percent. 

They gain advantage by moving to places that offer them tax breaks to encourage their investment. 

Singapore offers 5 percent tax rates. Dubai and Hong Kong have both offered zero tax status for the companies.

Click here to subscribe to our daily morning email newsletter 'Breakfast in red'

Mobile users! Don't forget to add Socialist Worker to your home screen.