Hi, I’m Will Fitzgibbon, a reporter with ICIJ.
I’m taking over the newsletter this week to tell you about a new investigation into a tax scandal you’ve probably never heard of; one that rips off some of the poorest countries in the world.
We’ve called the investigation Mauritius Leaks.
If you want to know how big corporations exploit loopholes in a global system, then you will want to read more.
Can’t find Mauritius on a map? You’re not alone.
Even if you can’t pinpoint it (it’s in the Indian Ocean, near Madagascar), Mauritius – a tax haven – is a thorn in the side of many developing countries. We found that multinational corporations use Mauritius’ low tax rates and things called “double taxation treaties,” to pay less in taxes to countries including India, Namibia and even the United States.
As one tax expert told me: “It may be a small tax haven, but it’s defying the U.S., so playing big.”