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Libor, Tax Havens and the Filthy Rich

Very relevant thoughts from the South African Civil Society Information Service, which is a nonprofit news agency promoting social justice.


"There are oceans of money slopping around between strange tropical havens. This money really belongs to us all – it is nothing less than stolen wealth. It is the interest of pensioners and savers. It is the money lost to tax collectors. It is real money, extracted from the system and then hidden from us all. This is money which should be taxed and equitably redistributed to build a more egalitarian global society"


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Tax haven use prompts call for action



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US and Europe in agreement on tax evasion

Financial Times and other media reported that the US and Europe’s five biggest economies unveiled fresh details of their coordinated push to crack down on tax evasion on Thursday, in a move that promises to ease the burden on financial institutions that have been enlisted to gather information

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