Where can I find more info online about the Tax Havens Scam Killing?
Lucy Komisar of the Tax Justice Network-USA (taxjustice-usa.org) spoke at the Conference on Taming the Giant Corporation last week about “Closing Down the Tax Haven Racket.” Her words were so compelling that the rest of this column is devoted to excerpts from her presentation: “The tax haven racket is the biggest scam in the world. It’s run by the international banks with the cooperation of the world’s financial powers for the benefit of corporations and the mega-rich. [M]ost Americans, including progressive activist Americans, don’t know what I’m going to tell you. And that’s part of the problem. “Tax havens, also known as offshore financial centers, are places that operate secret bank accounts and shell companies that hide the names of real owners from tax authorities and law enforcement. They use nominees, front men. Sometimes offshore incorporation companies set up the shells. Sometimes the banks do it. Often someone will use a shell company in one jurisdiction that owns a shell in
