Paul Ryan And Insider Training
Another sorry example of market fundamentalism. Courtesy of Russia Today.
Another sorry example of market fundamentalism. Courtesy of Russia Today.
A useful infographic for understanding the size and scope of the LIBOR scandal.
Gore Vidal on the 8th wonder of the world: the corporate grip and manipulation of American public opinion.
The Article: Wealth doesn’t trickle down – it just floods offshore, research reveals by Heather Stewart in the Guardian.
The Text: The world’s super-rich have taken advantage of lax tax rules to siphon off at least $21 trillion, and possibly as much as $32tn, from their home countries and hide it abroad – a sum larger than the entire American economy.
James Henry, a former chief economist at consultancy McKinsey and an expert on tax havens, has conducted groundbreaking new research for the Tax Justice Network campaign group – sifting through data from the Bank for International Settlements (BIS), the International Monetary Fund (IMF) and private sector analysts to construct an alarming picture that shows capital flooding out of countries across the world and disappearing into the cracks in the financial system.
Comedian Jimmy Carr became the public face of tax-dodging in the UK earlier this year when it emerged that he had made use of a Cayman Islands-based trust to slash his income tax bill.
When will it stop? Check ThinkProgress for more details.