Skip to content
Subscriber Only

OECD Enables Companies Avoiding $100 Billion With Havens: Taxes

Headquartered in a former Rothschild chateau in an affluent Parisian neighborhood, the Organization for Economic Cooperation and Development is best known for earnest conferences on economic and social policy.

With little outside attention, it also plays a pivotal role enabling global corporations such as Google Inc., Hewlett-Packard Co. and Inc. to dodge taxes by shifting profits into offshore subsidiaries, costing the U.S. and Europe more than $100 billion a year.