The end of corporate tax havens?

Corporate tax havens are slowly heading for extinction after the EU officials ruled them unfair.

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American companies "are more profitable than ever", says Ben Levisohn atBarron's partly due to how little tax they are paying. The corporate tax rate in America is among the highest in the world, at 39%. But the actual rate paid by companies has fallen to 29%, from 35% in 1990. And some pay far less: cruise-ship operator Carnival has paid an average of just 1% of income in taxes in the past ten years.

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Marina Gerner is an award-winning journalist and columnist who has written for the Financial Times, the Times Literary Supplement, the Economist, The Guardian and Standpoint magazine in the UK; the New York Observer in the US; and die Bild and Frankfurter Rundschau in Germany.

Marina is also an adjunct professor at the NYU Stern School of Business at their London campus, and has a PhD from the London School of Economics.

Her first book, The Vagina Business, deals with the potential of “femtech” to transform women’s lives, and will be published by Icon Books in September 2024.

Marina is trilingual and lives in London.