Tax Havens Explained: How They Work and Why They Persist

Tax havens like Bermuda, Cayman Islands, and Luxembourg hold trillions in offshore wealth. The Double Irish let Apple pay 0.005 percent tax.

The Panama Papers exposed 214,000 offshore entities. OECD transparency initiatives have weakened but not eliminated bank secrecy.

The global minimum tax of 15 percent represents the most significant attack on tax havens in history..