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Saturday, April 16, 2011

Democracy Now Interview with author of 'Treasure Islands' Says Tax Havens Tied to Wall Street Power

 April 15 2011
Democracy Now

Democracy Now features an eyepopping interview with British journalist Nicholas Shaxson, author of a new book Treasure Islands: Uncovering the Damage of Offshore Banking and Tax Havens.  who exposes how corporations and the wealthy avoid taxes and governmental regulations by sending money to offshore banks and tax havens. Shaxon says that there is anywhere from $10 to $20 trillion sitting offshore. He says it is "bigger and badder" than we ever imagined.