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A tsunami of truth exposes the need for tax justice

Francesca Giubilo

11 Apr 2013 12:59:03

By Tove Maria Ryding While our ministers have been delivering speeches about the importance of a healthy financial system, transparency and global tax justice, it seems an international group of financial experts, bankers, lawyers and middlemen have been busy racking their brains to solve the riddle: “How do you make trillions of dollars disappear into thin air?” They’ve come up with a lot more than the good old “stuff your money in your mattress”. In fact, when it comes to doing magic tricks with money, the financial industry has proven to be a regular group of Harry Potters. Golden opportunity to fix flawed EU regulation It has long been known that companies and other legal structures that are anonymously owned and controlled are a key mechanism used to launder money and hide ...