Consider e.g. the value to Formula 1 of a clearly questionable UK tax ruling: itv.com/news/2016-11-2…
For example, the Procter & Gamble deal in the Netherlands "allowed the company to shift $676m untaxed to Cayman, signed off by a single tax inspector"
dutchnews.nl/news/archives/…
![Bubble graph showing profit misalignment of US multinationals, for the five biggest profit shifting recipients: Netherlands, Luxembourg, Bermuda, Ireland and Switzerland. For all of them, the majority of their declared profit is not aligned with economic activity in their jurisdiction (i.e. it is shifted in from elsewhere); and for all of them, the effective tax rate is between 0% and 4%.](https://pbs.twimg.com/media/DWeFF_rX4AEEPRk.jpg)
Here's Clifford Chance: …cialmarketstoolkit.cliffordchance.com/en/topic-guide…
![Screenshot of Clifford Chance Brexit briefing, section on tax including this line:](https://pbs.twimg.com/media/DWeGUUQWsAALASy.jpg)
But secret advanced tax rulings would still incentivise systemic abuse and corruption. Give us transparency please. /