Total closing tax haven subsidiaries

Total, the French oil major, is closing its subsidiaries in tax havens. At least, that’s how the PR runs. So far there is nothing official on the website, and their statement to Le Monde is anything other than definitive. ‘Tax haven’ can mean anything you want it to, as can closing a ‘certain numnber’ of subsidiaries.

Still, it’s a step in the right direction, and PR moves can inadvertantly lead to real changes. If nothing else, it’ll be interesting to see the list of subsidiaries which they promise to reveal in March.

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