We face austerity, privatisation, and toxic influence. But we are growing, and cannot be beaten
Wealth defense industry spends millions to hide trillions
‘Tax haven’ typically conjures images of the Cayman Islands or Switzerland — not South Dakota. MARK GRUENBERG speaks to CHUCK COLLINS about a new report detailing how some of the planet’s wealthiest people hide their riches in the US
follow the money
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THE United States can lead the fight against corporations and the richest 1 per cent that use shell companies and tax havens, which are located everywhere from the Cayman Islands to South Dakota, says Chuck Collins, a US expert on the issue, but only “if we get our house in order” through a crackdown on them at home.
But it’s going to take a lot to do that, he adds.
“The wealth defence industry says what they’re doing is legal,” including secret tax haven banks and law firms that set up shady accounts for the rich, Collins explains in an interview with People’s World. He’s the director of the Institute for Policy Studies’ Programme on Inequality and the Common Good.
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