Tax havens shielding companies responsible for deforestation and overfishing

70% of vessels implicated in illegal, unreported or unregulated fishing are registered in tax havens, report findsMoney channelled through secretive tax havens has been used to fuel deforestation in the Amazon and illegal fishing around the world, racking up a heavy environmental toll but leaving few ways for businesses to be held to account.Billions of pounds worth of finance has travelled through countries internationally recognised as tax havens, and has been traced by researchers to activities that contribute to environmental destruction, such as growing soy and beef in deforested areas of the Amazon, and expanding a network of largely unregulated fishing vessels operating under "flags of convenience". Continue reading...