by Linda Beale Much of MNEs’ “offshore” (and hence untaxed) cash hoards held onshore The Wall Street Journal, in its editorial pages a great friend to big business and low taxes for same, had a decent front-page article  on the corporate hoard of cash designated as “permanently invested offshore”.  In fact, much of that cash […]

Yves Smith has been all over the Standard Chartered story: Reuters Runs Interference for Elite Corruption, Scrubs Article That Shows How Banks Get Out of Jail Free – 08/09/2012 – Yves Smith Standard Chartered Makes Empty Threat to Sue New York Regulator Over Iran Money Laundering – 08/09/2012 – Yves Smith NYS Order on Standard […]

by Kenneth Thomas New Estimate of Offshore Wealth Shows Big Increase Since 2004 A new report by the Tax Justice Network, “The Price of Offshore Revisited,” shows that the amount of wealth held in tax havens has increased enormously since 2004, and confirms what I previously wrote about the huge cost to tax coffers of […]