Joyful Tax Havens, Offshore Banking and the “Paradise Papers”
NOVANEWS
By Dr. Binoy Kampmark
Global Research
This was another case of the big and the powerful undercutting the tax systems of the world. But could anyone be genuinely surprised at the revelations to come out of the Paradise Papers on the workings of the tax haven industry?
Of the 13.4 million files revealed by the Süddeutsche Zeitung, the International Consortium of Investigative Journalists and some 90 global media partners, 6.8 million stem from the offshore law firm Appleby. A further half million derive from the Asiaciti Trust based in Singapore, with six million obtained from corporate registries spanning 19 tax havens.[1]
This is a field where denial is followed by qualification, and then, ultimately, a dismissive shrug. Nothing exemplifies this more than the dispute...