Tax avoidance

The White House is taking steps to help small businesses secure loans, but while they wait, those businesses are finding creative ways to stay afloat, including bartering with each other instead of exchanging money.

In the tough global economy, trade is returning to its roots. Yes, bartering is back.

The “Organisation for Economic Cooperation and Development” or OECD released a “blacklist” of global tax havens at yesterday’s G20 summit in London. The Philippines, Uruguay, and Costa Rica were listed as three of the four worst offenders. For today’s Geo Quiz, we’re looking for the fourth. The answer is the Malaysian federal territory of Labuan.