![]() ![]() A key indication of the cost of this is that gaps between top and average wages in the US have shot up from 20 to 1 in 1960 to 350 to one today. Both are critical to dealing with current inequalities afflicting humanity and to meeting challenges in public health, climate, and elsewhere.īaker indicts the United States as the biggest user of the financial secrecy system, and the biggest recipient of dirty money from around the world. The book's timely contribution is how financial secrecy threatens both free enterprise and political freedoms. All of this is facilitated by international lawyers, accountants and financial strategists based mostly in rich countries. Tax havens, "shell companies," anonymous trust accounts, fake foundations and new digitized money laundering technologies have proliferated. This is far beyond illicit transfers of funds through corporate underpricing and overpricing of exports and imports, or the drug and other criminal networks 50 years ago. Deals in the financial secrecy system account for half of global economic operations. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |