Ugland House - Tax Dodgers Office Building

Ugland House in the Cayman Islandsis a small, five story office building, which is the registered address for nearlty 20,000 foreign companies in order to avoid paying taxes in their native countries. It is estimated that in the UK alone, companies registered as doing business in the Cayman Islands cost the treasure £20B in tax revenue.

While the Cayman Islands have a total population of approximately 56,000, there are over 80,000 foreign corporations registered on the island.