What does a Chamber of Commerce do?

By Walter Downes in Economy 1269 views 11th January 2018 Video Duration: 00:01:06
Yadkin Valley Chamber of Commerce

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In medieval times people couldn't hide their wealth when tax collectors came to inventory it. Nowadays they can. It is said that 64 percent of the global profits are parked offshore, for an important part by multinationals from the first world.

The third world is the victim of this practise. An example from the banana industry: exporting a banana from the Cayman Islands costs 13 pence. When it arrives in the UK to be consumed, the costs have grown to 60 pence. All of this money goes to other parties than the Cayman Islands.

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