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The Town That Took on the Taxman
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What do people really mean by “tax haven”? Right now you’re probably running through a list of places: the Cayman Islands, Jersey, Bermuda. The name probably not on the tip of your tongue is Crickhowell. However, if big corporations can take themselves “offshore” to protect their profits, why not a little Welsh town?
This TV-backed experiment is a smart breakdown of the schemes multinationals use to stack the deck against small businesses and national governments alike. Who knows, maybe after this we’ll all be looking up these tools of the tax trade – on Google, probably, which of course knows all of them already.
Small businesses in Crickhowell in the Brecon Beacons, South Wales take on a mission to copy the techniques used by multinational companies and set up a DIY tax avoidance scheme. Using complicated, but legal, accounting techniques, the UK's biggest organisations run rings around HMRC and pay little or no corporation tax. The programme follows the Welsh town's local traders as they visit tax havens, tax lawyers and even a taxman to see if they can level the playing field and legally avoiding paying tax. Presented by Heydon Prowse.
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