Uncovering the secrets of international finance: Tax Havens
November 29, 2012 // By: Lydia Prieg
Millions of individuals have been adversely affected by the
risky practices of financial institutions, but their operations remain shrouded
in mystery. This is one of the biggest barriers to reforming global
finance – not enough people understand how it works.
Today we're launching a new series of videos investigating different areas of the finance system, each one introducing a major challenge we face if we want to reform global finance and make it work for people and the planet.
Today's first film focuses
on tax havens. Used by wealthy individuals and companies to shift huge sums of
money around the world in secret, they cost governments and ordinary
taxpayers billions of pounds. International efforts to tackle tax
havens to date have been feeble, but there is no reason why proper action can't
be taken - watch the video to find out what can be done.
The last few years have shown what can happen when the finance system goes wrong - to ensure global financial stability, now is the time to expose the system's murky secrets.
Agree with this? Share it now:Close