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Don’t call them tax havens

There's another much bigger problem with off-shore financial centres

By Nicholas Shaxson   May 2016

Mandatory Credit: Photo by Alex MacNaughton Photography/REX/Shutterstock (5634286f) Protesters gathered outside Downing Street Panama Papers demonstration 'David Cameron: close tax loopholes or resign!', Whitehall, London, Britain - 09 Apr 2016

Read more: Is reform of international tax law possible? 

Thanks to the leak of 11.5 million documents from Mossack Fonseca, a Panamanian law firm, Britain is fixated on how we tax the wealthy and the powerful. Revelations that David Cameron’s family finances were tangled up in the…

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