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A map of a country cut into a pound sign with a pin in it to represent Offshore Tax Havens

A map of a country cut into a pound sign with a pin in it to represent Offshore Tax Havens

Pictured is a map of a country has been cut into a UK GBP £1 sign to represent Offshore Tax Havens. The pin and the string represent the amount of money that travels to and from these countries to avoid paying UK tax.

Tax avoidance is slightly different from tax evasion in the sense that it is legal. However, it still costs the UK billions of pounds each year and contributes well to the tax gap in Britain, Offshore Tax Havens play a part in this.

This picture has been released under the Creative Commons License, feel free to use, but please attribute Patrick Cannon at www.patrickcannon.net/.

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Photo taken on 29 November 2018 (© Patrick Cannon Tax Barrister / Flickr)

Related tags :
 offshore, tax, haven, avoidance, evasion, uk, gap, government, hmrc, panama, papers, offshoring, letters, countries, pins, pinned, string, coloured, taxation
 

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