Tuesday, March 8, 2016

WEALTHY HIDING MONEY

“As it turns out, a lot of wealthy people in the United States, Europe, and elsewhere have been hiding money in foreign countries-above all, Switzerland, Luxembourg, and the Virgin Islands. As a result, they have been able to avoid paying taxes in their
home countries.”


Sunstein, Cass R, ‘Parking the Big Money,’ in The New York Review, January 14, 2016, pp: 37-38, a review of The Hidden Wealth of Nations: The Scourge of Tax Havens, by Gabriel Zucman, University of Chicago Press, 2015.