Topic: Tax havens
Part1: Video
[Vocabulary]
injustice (n.): the absence of justice or fairness
drive (someone) nuts (v.): to greatly annoy, or frustrate someone
liable (adj.): legally responsible or accountable for something, usually used in the context of damages or debts
subsidiary(n.): a company that is controlled by another, often larger, company, known as the parent company
trademark rights (n.): legal protection granted to the owner of a trademark, which allows them to exclusively use and protect their brand name or logo
letterbox companies (n.): companies that are set up in a particular country to take advantage of favorable tax or regulations, but may not have substantial operations there
bogus (adj.): fake or deceptive; fraudulent
stringent (adj.): strict, precise, or demanding high standards; not lenient or flexible
catch wind of something (idiom): to hear about or become aware of something, often referring to information that is not widely known.
Part2: Reading exercise