Nicholas Shaxon, author of Treasure Islands: Uncovering the Damage of Offshore Banking and Tax Havens (previously) appeared on The Foreign Desk podcast (MP3) this week to discuss the nature of tax havens, how they hollow out both their host countries and the countries whence their hidden riches comes.
Shaxon appeared alongside John Christensen, executive director of the Tax Justice Network and Politico's Francesco Guerrera. The three experts talked about the often-overlooked fact that the two biggest tax havens in the world aren't flyspeck tropical islands: they're the USA and the UK.
Once the genuine public anger over the Panama Papers revelations subsides, what will actually change? Can tax havens really be eradicated – and what would it mean if they were? To discuss these questions Steve Bloomfield is joined by Nicholas Shaxson, the author of ‘Treasure Islands’; Francesco Guerrera, chief financial correspondent for Politico; and John Christensen, executive director of the Tax Justice Network.
(via Naked Capitalism)
(Image: City of London skyline, Marcus News, CC-BY-SA)
The Washington Post reports: The Treasury Department announced Wednesday that it will loan $700 million to a trucking firm that ships military equipment, in exchange for having U.S. taxpayers acquire an almost 30 percent stake in the company. Under the unusual arrangement, the Treasury Department will provide the emergency loan to YRC Worldwide, while taking […]
Bad legal news for Orange President Kleptocrat today. He’s gonna be in a mood.
Asked about the Justice Department’s intent to drop all criminal charges against impeached President Trump’s first national security advisor, Mike Flynn, Trump’s Attorney General Bill Barr says nothing matters, and “history is written by the winners.”
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Considering the state of our world, it probably shouldn’t come as a surprise to find lots and lots of people pushed to their breaking point. Anxiety and stress are often constant companions during the best of times. But now, with fear and frustration running rampant, it’s easy to be subsumed by all the distractions and […]
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