Category: Offshore Banking

Five myths about tax havens

Posted by & filed under Offshore Banking, Thoughts.

Cross-posted from the Tax Justice Network, on my article in the Washington Post entitled Five Myths about Tax havens.

The myths go like this:

  • Tax havens protect vulnerable people against despotic governments, unjust laws and political turmoil.
  • Tax havens are good for high-tax nations.
  • Besides Switzerland, most tax havens are small tropical islands.
  • Being a tax haven makes a

How the wealth managers do it: an in-depth investigation

Posted by & filed under Offshore Banking, Tax havens, Thoughts.

Cross-posted from the Tax Justice Network

The Atlantic is carrying a truly fascinating article entitled Inside the Secretive World of Tax-Avoidance Experts. And this researcher, Brooke Harrington, went to town on it:

“Given the little that is known about the profession and its role in global inequality, it seemed imperative to learn more about

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

The Amartya Sen Prize Contest for New Work on Tax Justice

Posted by & filed under Offshore Banking, Tax havens.

Academics Stand Against Poverty, the Yale Global Justice Program, and Global Financial Integrity invite submissions of original essays of ca. 7,000 to 9,000 words on the intelligent use of incentives toward curtailing corporations’ use of tax evasion and avoidance, abusive transfer pricing and all forms of illicit financial flows. All prizes are named in honor