28 November 2011

Tax Havens Shift Tax Burdens

Treasure Islands by Nicholas Shaxson, 2011, Excerpts
In the large economies, tax burdens are being shifted away from mobile capital and corporations onto the shoulders of ordinary folks. The rich have been paying less, and everyone else has been forced to take up the slack. Tax havens overturn the healthy dynamics by providing escape routes for their elites. The secrecy jurisdictions are the biggest culprits.

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