Study raises red flags on tax haven role in environmental destruction …

Deforestation in Indonesia



Tax havens – and the financial secrecy they provide – may bolster industries tied to Amazon deforestation and the unsustainable management of natural resources, a new study has found.

“We need to start seeing the environmental costs of tax havens” and “how financial actors and financial flows are shaping the planet in very profound ways,” said Victor Galaz, a researcher at Stockholm University’s Resilience Centre and the leading author of the report that looked at the use of tax havens by agribusiness and fishing companies.

The study, which started after the unveiling of the Panama Papers investigation in April 2016 and was

... read more at: https://www.icij.org/blog/2018/08/new-study-raises-red-flags-on-tax-haven-role-in-environmental-destruction/

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