Daily Archives: April 29, 2013

The curtain has been pulled aside on the once secret world of tax havens, and the scale of abuse is nearly beyond reckoning. Week after week, Americans and Europeans worn down by budget austerity have learnt about the secret accounts of their politicians, tax evasion by leading companies and hot money destabilising the world economy. The darker truth is that these havens are not gaps in the world’s financial system; they are the system. Read more

There is a famous cartoon by the French artist Voutch in which a customer in a wine merchant’s shop is asking the owner if he can recommend “a bottle that would go well with a very, very, very bad piece of news I am giving my wife this evening”.
There must be several European leaders in the market for similar bottles at present. Read more