- Eye Opening
The term “tax haven” conjures images of mysterious places where elites stash their wealth, but tax avoidance is a global phenomenon. The total amount squirreled away from tax collectors is staggering, as are the forgone government tax receipts: more than $500 billion annually. But the international tax system may be on the verge of significant change, according to journalist Nicholas Shaxson in this eye-opening article. Could a fairer tax allocation framework finally be in sight?
About the Author
Nicholas Shaxson is a financial journalist and the author of The Finance Curse.
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