What happens when the rich are allowed to hide their money in tax havens, and what we should do about it
The Panama Papers demonstrated that the superrich hide their wealth from the rest of us. Dirty Secrets shows that this was not by accident, but by design. It was the result of a powerful alliance of the wealthy, their advisers and the state that has undermined all attempts to solve the tax haven problem.
This is because tax havens are the unacknowledged heart of globalized capitalism. Their purpose is to provide freedom from regulation. The exponents say this makes markets work and so we all gain. But this argument has now failed. Furthermore democracy itself is being threatened by the political fallout from the mistrust this regime has created.
The result is that tax havens are now a threat to the very system that supposedly spawned it. Dirty Secrets is the most revelatory examination of the crisis by a leading expert, but also offers solutions on how governments can regulate havens and what the world might look like without them.
"The Panama Papers detailed corruption by design, and here the fearless author of The Joy of Tax uses them as a jumping-off point to detail, with insight, forensic precision and pugnacity, the truth behind the lie that tax havens are a reasonable part of global capitalism" - Times Higher Education
"Murphy's book aggressively attacks the world's tax havens-or 'secrecy jurisdictions,' as he calls them. Their most corrosive effect, in his judgement, is not to allow individuals (including criminals) and corporations to avoid or evade taxes, although that is important. Rather, the worst thing about tax havens is the way in which they prevent the kind of transparency in transactions that any well-functioning market requires ... If the secrecy jurisdictions were curtailed, the world would be a much better place, Murphy contends: democracies would be stronger, and markets more efficient." - Foreign Affairs
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The Panama Papers demonstrated that the superrich hide their wealth from the rest of us. Dirty Secrets shows that this was not by accident, but by design. It was the result of a powerful alliance of the wealthy, their advisers and the state that has undermined all attempts to solve the tax haven problem.
This is because tax havens are the unacknowledged heart of globalized capitalism. Their purpose is to provide freedom from regulation. The exponents say this makes markets work and so we all gain. But this argument has now failed. Furthermore democracy itself is being threatened by the political fallout from the mistrust this regime has created.
The result is that tax havens are now a threat to the very system that supposedly spawned it. Dirty Secrets is the most revelatory examination of the crisis by a leading expert, but also offers solutions on how governments can regulate havens and what the world might look like without them.
"The Panama Papers detailed corruption by design, and here the fearless author of The Joy of Tax uses them as a jumping-off point to detail, with insight, forensic precision and pugnacity, the truth behind the lie that tax havens are a reasonable part of global capitalism" - Times Higher Education
"Murphy's book aggressively attacks the world's tax havens-or 'secrecy jurisdictions,' as he calls them. Their most corrosive effect, in his judgement, is not to allow individuals (including criminals) and corporations to avoid or evade taxes, although that is important. Rather, the worst thing about tax havens is the way in which they prevent the kind of transparency in transactions that any well-functioning market requires ... If the secrecy jurisdictions were curtailed, the world would be a much better place, Murphy contends: democracies would be stronger, and markets more efficient." - Foreign Affairs
Формат: Скан PDf
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