Offshore tax havens are a bigger factor in the world economy that I ever dreamed. Financial assets held offshore, beyond the reach of effective taxation, are about one-third of the world's total financial wealth. Over half of all world trade passes through tax havens. Without tax havens, there might not be a world financial crisis.
Such are the conclusions of a new report completed last month for an organization called the Tax Justice Network by a team of researchers headed by James S.
What's killing the world's economy? Could it be tax havens for the rich? Phil Ebersole puts together some compelling research.
O.M.G. It’s so much worse than I thought. Thank you *very8 much for this informative post!
[...] Marek was good enough to reblog my post on the Kmareka.com web log. She is a social worker in Rhode Island and, together with a friend who uses the handle [...]