Live Support

In-depth Discussions

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.


The Guardian

You need to be a member of People's Forum to add comments!

Join People's Forum

Email me when people reply –

Discussion Area

This area is for people to post and view discussions. You can use the the tabs at the top of the page to filter the discussion to the topics you want.

If you would like to start a discussion please click Add Discussion