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Business quote of the day: very British tax havens

ActionAid reports on the FTSE 100's dependence on tax dodging.

Photograph: Getty Images

“The UK is responsible for 1 in 5 of the world’s tax havens – that’s more than any other country.”

Mike Lewis, tax policy adviser for charity ActionAid, who have released a report today revealing 98 of the FTSE 100 have subsidiary companies based in tax havens.