Globalisation has led to the deregulation of capital markets and the emergence of new state forms (Edexcel A-Level Geography): Flashcards

Foreign Direct Investment - investment into a country from abroad

Routing profits through subsidiary in low-tax country/haven

Using legal loopholes to reduce tax paid

Illegally not paying taxes owed

Country with nil/minimal personal & corporate taxes

Keeps blacklist of tax haven countries

List of 15 states lacking tax transparency

62 richest = income of poorest 3.6bn people

WarOnWant & Oxfam campaign against tax havens & TNCs

Increasing in some regions and nations