Tax Haven
Synopsis
47,000 pages of documents reveal how companies like GlaxoSmithKline used tax optimization to save hundreds of millions of euros in taxes.
Synopsis
A small business owner works 16 hours a day, burdened by high taxes while major corporations exploit tax havens. The documentary reveals how companies like GlaxoSmithKline and Pearson utilize offshore strategies to minimize their tax liabilities, diverting profits to places like Luxembourg. With 47,000 pages of documents, the investigation uncovers how these practices cost countries like France and the United Kingdom hundreds of millions in lost tax revenue. The film questions the ethics of tax avoidance and its impact on public services.
Deep Dive
Why Watch
- Find out how small businesses are affected by high taxes.
- See how multinationals exploit tax havens for profit.
- Meet political leaders who promise to tackle tax evasion.
Did You Know
- In 2008, Lehman Brothers filed for bankruptcy amid a financial crisis.
- The public debt in France stands at around €1,700 billion.
- Multinationals have used tax optimization to save hundreds of millions in taxes.
Perfect For
Frequently Asked Questions
What are some countries known as tax havens?
Gibraltar, Panama, and Hong Kong are mentioned as tax havens with 0% tax.
How much public debt does France currently have?
France's public debt stands at around €1,700 billion.
How much did certain companies avoid in taxes through tax optimization?
Companies like GSK, Vendel, and Pearson have deprived France and the United Kingdom of hundreds of millions of euros in taxes.
What are people saying?
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