This file photo taken on June 14, 2017 shows the Nike 'swoosh' logo displayed on the outside of the Nike SoHo store in New York City. AFP / GETTY IMAGES NORTH AMERICA / Drew Angerer
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The EU pushed Tuesday for Europe to draw up a blacklist of tax havens after the "Paradise Papers" revealed loopholes used by Apple and Nike as well as celebrities including Formula One champion Lewis Hamilton.Apple said shifting the funds to the island of Jersey, which is largely exempt from EU tax regulations, did not save it any money.The EU has struggled for over a year to finalize a list of non-EU tax havens, with smaller, low-tax nations such as Ireland, Malta and Luxembourg reluctant to scare companies away.In Britain, the BBC and The Guardian reported Hamilton avoided paying taxes on his private jet using an elaborate scheme now under investigation by tax authorities. Documents showed that the driver received a 3.3 million pound ($4.3 million) tax refund in 2013 after his luxury plane was imported into the Isle of Man, a low-tax U.K. dependency.
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