Banks help billionaires dodge taxes

This video from the USA says about itself:

Major Banks Help Clients Hide Trillions in Offshore Tax Havens

James Henry: US media and politicians mostly ignore massive untaxed wealth that big banks help rich move to tax havens.

Alex Oberley, PRWatch: “At least $21 trillion in unreported private financial wealth was recently discovered sitting in secret tax havens…. The study is one of the first attempting to measure the hidden wealth. It could be as high as $32 trillion – a staggering sum”: here.

Tax-dodgers’ paradise the Cayman Islands buckled to the bankers’ lobby today and scrapped plans to introduce a meagre income tax on wealthy expats: here.

British bank accused of hiding 60,000 transactions worth $250 billion with Iranians, NY regulator says: here.

GEORGE OSBORNE has “no serious answer to the serious problem of tax avoidance” shadow chancellor John McDonnell charged yesterday after reports that five global investment banks were exposed for paying no corporation tax in Britain last year despite making billions in profits: here.

Related articles

• Tax Dodgers Sans Frontières (theglobalmail.org)
• NY Times Debate: Offshore Tax Havens — Global Tax Dodge or Economic Boon? (taxprof.typepad.com)
• Offshore tax havens hurt U.S., W.Va., group says (wvgazette.com)
• “Believe It or Not!”13 Mindblowing Facts About America’s Tax-Dodging Corporations (ourfuture.org)
• Global monopoly: Tax havens and the capital of the 1% (s0cialjustice.wordpress.com)

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