Monthly Archives:: September 2015

Russia’s offshore financial nexus, threatening financial stability and security

Posted by & filed under Offshore Banking, Thoughts.

Cross posted from the Tax Justice Network

We have for years remarked on the role of the offshore system in promoting financial instability, not least for its propensity to enable financial players to get out from under financial regulations they don’t like, then taking the cream from risky activities and shifting the risks onto others. Now, from Izabella

Why tax havens will be at the heart of the next financial crisis

Posted by & filed under Thoughts.

Cross-posted from the Tax Justice Network

This post examines another excellent in-depth investigation by Reuters into global financial stability issues, and the role of tax havens in this giant game of pain and plunder. The investigation uncovers, among other things, a whole lot of offshore shenanigans, complementing what we (and relatively few others) have been saying for some years now, and…