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An exposé on the hidden side of global wealth and power, this book explores what is perhaps the most mysterious aspect of global society today. The world of offshore finance is one of dummy companies, shadow bank accounts, post office boxes, foreign registries, and the like, which allow giant corporations--such as Wal-Mart, British Petroleum, and Citigroup--to keep huge profits out of sight of investors, regulators, and the public. A third of the...
Description
Promoting growth and protecting the environment is a contradiction, says Chinese ambassador Chen Mingming, insisting that the opulent lifestyle of "people overseas" should figure into any assessment of his country's environmental policies. "Isn't it legitimate for the Chinese to seek the same quality of life? That means economic development." Others who support the government's approach to ecological problems also appear in this film, such as political...
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"In Tax Havens, Ronen Palan, Richard Murphy, and Christian Chavagneux provide an up-to-date evaluation of the role and function of tax havens in the global financial system--their history, inner workings, impact, extent, and enforcement."--Page [iv] of cover.
From the Cayman Islands and the Isle of Man to the Principality of Liechtenstein and the state of Delaware, tax havens offer lower tax rates, less stringent regulations and enforcement, and...
Description
Investigating the strange world of tax havens, this film shows how some companies, including hugely profitable ones, use a particular European nation as a shelter to avoid paying millions in taxes. Viewers learn about recently discovered documents that have helped expose the tax practices of companies like GlaxoSmithKline. Such corporations have been getting big tax breaks on billion-pound transactions in the tiny country of Luxembourg. By opening...
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Description
"Late one evening, investigative journalist Bastian Obermayer receives an anonymous message offering him access to secret data. Through encrypted channels, he then receives documents revealing how the president of Argentina has sequestered millions of dollars of state money for private use. This is just the beginning. Obermayer and fellow Süddeutsche journalist Frederik Obermaier find themselves immersed in the secret world where complex networks...
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