What Are Tax Havens And How Do They Work?

Since the leak and subsequent complete disregard of the Panama Papers and Paradise Papers the concept of Tax Havens have been thrust into the limelight

Today, roughly $8.7 trillion is held in off-shore accounts in tax havens across the globe. But what are tax havens? How do they work and how do they mess with the global economy and regular people’s wallets? Well, Let’s Find Out.


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SOURCES (Affiliate Links)

The Hidden Wealth of Nations: The Scourge of Tax Havens, https://amzn.to/2RX3jqK


Other Sources

Information on Kaunos: http://etheses.dur.ac.uk/2632/1/2632_643.pdf?UkUDh:CyT

$8.7 trillion source: http://gabriel-zucman.eu/richesse-cachee/
Panama Papers trends: https://trends.google.com/trends

55 tax havens across the globe: https://repository.law.umich.edu/cgi/viewcontent.cgi?referer=https://www.google.ie/&httpsredir=1&article=1716&context=articles

2018 Top Tax Havens: http://gabriel-zucman.eu/files/TWZ2018.pdf
Google 2015 15.5 billion: https://www.nytimes.com/interactive/2017/11/10/opinion/gabriel-zucman-paradise-papers-tax-evasion.html

End world hunger: http://www.ifpri.org/blog/multibillion-dollar-question-how-much-will-it-cost-end-hunger-and-undernutrition

Average US homes: https://www.cnbc.com/2017/06/29/what-the-median-home-price-of-200000-will-get-you-across-the-us.html

$1.6 trillion offshore: https://www.oxfamamerica.org/static/media/files/Rigged_Reform_FINAL.pdf

$3,333 each: http://content.time.com/time/business/article/0,8599,1870699,00.html

8% of the world’s wealth: http://gabriel-zucman.eu/files/Zucman2015Appendix.docx

European Debt: https://www.statista.com/statistics/274179/national-debt-in-eu-countries/

European GDP: https://en.wikipedia.org/wiki/List_of_sovereign_states_in_Europe_by_GDP_(nominal)

Developing Countries Wealth Off Shore: http://gabriel-zucman.eu/files/Zucman2017LivreTableauxGraphiques.xlsx

Nordic Countries: https://www.vox.com/2017/6/7/15745978/tax-evasion-zucman

$32 billion annually: http://gabriel-zucman.eu/files/Zucman2017LivreTableauxGraphiques.xlsx



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#Taxes #history #taxhavens #panamapapers #finance
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