Nicholas Shaxson: "Treasure Islands: Uncovering the Damage of Offshore Banking & Tax Havens. 1 of 2
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Uploaded by mediagrrl9 on Apr 15, 2011
DemocracyNow.org -
As millions of Americans prepare to file their income taxes ahead of Monday's deadline, Democracy Now! interviews British journalist Nicholas Shaxson on how corporations and the wealthy use offshore banks and tax havens to avoid paying taxes and other governmental regulations. "Tax havens have grown so fast in the era of globalization since the 1970s that they have become at the heart of the global economy and are absolutely huge," Shaxson says. "Anywhere between $10 trillion and $20 trillion are sitting offshore. Half the world trade is processed in one way or another through tax havens." Shaxson is the author of the new book, "Treasure Islands: Uncovering the Damage of Offshore Banking and Tax Havens."
Watch Part 2: http://www.youtube.com/watch?v=31e0LWPGPo0
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Top Comments
All Comments (8)
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kinda funny that noyone could hear nichelos shaxson in the biggenning
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one of the most controversial topics in political economy, hard to believe and accept that some of the biggest economies are actually tax havens...in disguise even!
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@tcdowning666 tell me about it
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I'm glad someone has finally started to mention London's tax haven structure.
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Avoidance and evasion. Almost synonymous wording, yet one is legal and one is illegal.
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@MsJustanotherhuman off with their heads
natritious1 10 months ago 3