UN urged to punish the abuse of offshore companies

Investment funds and agencies should downgrade the credit rating of multinational corporations, said the organization.

Investment funds and agencies should downgrade the credit rating of multinational corporations that systematically violate the tax law. This was stated by the UN experts in human rights, commenting on documents Paradise Papers, reports UN news Center.

According to experts, these disorders lead to increased social injustice and denial of human rights around the world. Also because of this, state budgets do not receive sufficient income to cover costs and this leads to increase in debt.

The experts recalled that for the supply of its products to the markets of the corporations use the infrastructure that is financed from the public budget. Employees hired after training through the state. The companies hide their profits to reduce tax liabilities.

The experts also said that the law firms that help evade taxes, should also be held accountable.

We will remind, earlier it was reported that the company Royal of the Duchy of Cornwall, which belongs to Prince Charles, brought to offshore hundreds of thousands of pounds.

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