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Global unions hail tax avoidance leak

GLOBAL trade unions welcomed yesterday the revelations of corporate tax avoidance in the Panama Papers leak.

International Transport Workers’ Federation general secretary Stephen Cotton drew the link between Panama’s position as a tax haven and a maritime flag of convenience.

“And who pays the price? Seafarers, who are subject to poor conditions and lower wages because they’re at the mercy of a system that allows for minimal regulation and the acquisition of cheap labour.”

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