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Report traces nearly 30% of investments in Scottish schemes to offshore firms
 

Public sector pension funds have invested hundreds of millions of pounds in Scottish private finance schemes linked to offshore tax havens, a new report has found.

The pension funds, which act for tens of thousands of retired council workers, bus drivers and Environment Agency officials and scientists, have invested money in dozens of privately financed projects in Scotland to build new schools, hospitals and colleges and to make motorway improvements.

An analysis of these projects for the Guardian has traced nearly 30% of the investments in the schemes to companies based in tax havens such as the Channel Islands, Dubai, the Cayman Islands, the British Virgin Islands, Luxembourg and Cyprus.

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The Guardian

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