Dirty secrets : how tax havens destroy the economy

Author(s)

• Murphy, Richard

Bibliographic Information

Dirty secrets : how tax havens destroy the economy

Richard Murphy

Verso, 2017

Note

Summary: "What happens when the rich are allowed to hide their money in tax havens, and what we should do about it The Panama Papers were a reminder of how the superrich are allowed to hide their wealth from the rest of us. Dirty Secrets uncovers the extent of the corruption behind this crisis and shows what needs to be done in the face of this unregulated spread of rampant greed. Tax havens, we are often told, are part of the global architecture of capitalism, providing a freedom from regulation necessary to make markets work. In this book, leading authority Richard Murphy uncovers the truth behind this lie. The fact of the matter is that this increasingly popular practice threatens the foundations of democracy, sowing mistrust and creating a regime based upon opacity. As Murphy shows, how we manage our economy is a political decision, and one that can be changed. Dirty Secrets proposes ways to regulate tax havens and what the world might look like without them"--Provided by publisher

Includes index

Description and Table of Contents

Description

The Panama Papers demonstrated that the superrich hide their wealth from the rest of us. Dirty Secrets shows that this was not by accident, but by design. It was the result of a powerful alliance of the wealthy, their advisers and the state that has undermined all attempts to solve the tax haven problem. This is because tax havens are the unacknowledged heart of globalized capitalism. Their purpose is to provide freedom from regulation. The exponents say this makes markets work and so we all gain. But this argument has now failed. Furthermore democracy itself is being threatened by the political fallout from the mistrust this regime has created. The result is that tax havens are now a threat to the very system that supposedly spawned it. Dirty Secrets is the most revelatory examination of the crisis by a leading expert, but also offers solutions on how governments can regulate havens and what the world might look like without them.

by "Nielsen BookData"

Details

• NCID: BB2388446X
• ISBN:
  • 9781786631671
• LCCN: 2016047364
• Country Code: uk
• Title Language Code: eng
• Text Language Code: eng
• Place of Publication: London
• Pages/Volumes: 216 p.
• Size: 21 cm
• Classification:
  • LCC : HJ2336
  • DC23 : 336.2/06
• Subject Headings:
  • LCSH : Tax havens
  • LCSH : Tax evasion