Claims tax havens ‘distorting’ global economy, and Britain controls one-third of them

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<p>‘Tax have s “serve o sef l eco omic p rpose,” a gro p of 300 lea i g eco omists has sai i a letter rgi g worl lea ers to bolster fi a cial tra spare cy ahea of Lo o ’s a ti-corr ptio s mmit this week.</p>
<p>The letter, coor i ate by Oxfam, s ggests the UK is “ iq ely place ” to re ce global corr ptio beca se it has sovereig ty over a thir of the worl ’s tax have s.</p>
<p>Sig e by bestselli g a thor of “Capital i the Twe ty-First Ce t ry,” Thomas Piketty, Nobel Prize wi er A g s Deato a IMF chief eco omist Olivier Bla char , the letter arg es these have s “ istort the worki g of the global eco omy.”’</p>
<p><a href="http://ri f.com/alt- ews/ ewswire/claims-tax-have s- istorti g-global-eco omy-a -britai -co trols-o e-thir -of-them/" target="_bla k">Rea more: Claims tax have s ‘ istorti g’ global eco omy, a Britai co trols o e-thir of them</a></p>