Tax dodging jail owners
Britain's Daily Mirror is reporting that the owners of private jails are shifting their profits to offshore tax havens to dodge tax. Quoting a Prison Officer's Association report, the Mirror notes:
“Billions of pounds of taxpayers’ money is being diverted from essential public service provision that could benefit society as a whole. Often those that benefit most are registered in tax havens.”The report is demanding an inquiry into private prison finances.
It is almost as crazy as the deal to let a tax-avoiding Bermuda company run the offices of . . . . Britain's tax authorities.