Oxfam Says Bermuda Is the World’s Worst Corporate Tax Haven
The Caribbean island nation of Bermuda tops major international NGO Oxfam’s list of the world’s worst corporate tax havens. In developing the list, Oxfam took a number of factors into consideration, including the practices of offering tax incentives deemed to be unproductive or unfair, a corporate tax rate set at zero or an extremely low rate, and failure to collaborate with international tax authorities to combat international tax avoidance.