Tax revenue keeps civilization afloat. But not all taxpayers play by the same set of rules.
Tax havens – and the industries developed to profit off them – have made it possible for the wealthy and well-connected to avoid paying trillions of dollars in taxes.
The rest of us cover the difference — or, more commonly, can’t, leaving treasuries bereft of monies needed to build roads, schools and tackle existential threats like climate change and global pandemics.
Experts estimate more than $800 billion is lost, annually, in tax revenue.
LKW is one of many wealthy pigs who avoid taxes and hide money from the authorities.
Public hospitals, schools, roads, 999 Calls, the Army and all other public services are funded by the taxpayers.
But wealthy individuals hide money by opening up offshore corporations to avoid tax in tax heaven countries- (not Malaysia).
LKW has many offshore companies active since 1997 for Tax evasion purposes.
1st Link :
The ICIJ Offshore Leaks Database proof of the existence of the LKW company,
Location : Malta , LKW Uni company (not a campus).
https://offshoreleaks.icij.org/nodes/55047470
2nd Link :
Video full story on ICIJ leaks , network of 400 reporters The True Story Behind The Secret Nine-Month Investigation.
More offshore companies of LKW and its family, in different countries for “tax avoision” purposes.
Source: https://opencorporates.com/companies?jurisdiction_code=&q=limkokwing&utf8=%E2%9C%93
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1 Australia
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1 Delaware (US)
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1 Malta
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1 Mauritius
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1 Rwanda
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2 Singapore
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1 Uganda
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1 Namibia
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Link : https://opencorporates.com/companies?q=limkokwing&utf8=%E2%9C%93
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More in UK https://beta.companieshouse.gov.uk/search?q=LIMKOKWING