Description: Many large corporations offshore their money in tax havens to avoid paying taxes in their country. Large accounting and consulting firms often help wealthy clients to hide their money in tax havens.

Source: CBC

Date: October 6, 2015

Video Link: http://www.cbc.ca/player/News/Business/ID/2676746358/?page=2

Questions for Discussion:

1. What are tax havens and how do they work?
2. Is it legal for corporations to hold money in tax havens and avoid paying taxes in their home countries?
3. Is this similar to famous sports people and celebrities who report that they reside in one of these tax havens to avoid paying high taxes?