Buzzfeed Reveals a Banking Virus That Could Become a Pandemic

September 23, 2020

Buzzfeed has made what many take to be a shocking revelation about how the world’s most powerful financial institutions skirt morality and the law. Others who have followed the activities of the biggest international banks over recent decades may simply wonder why anyone should be surprised....

The World This Week: Paradise Papers Reveal to be Rich is Glorious

November 12, 2017

Wealthy individuals, fund managers and corporations continue to avoid taxes by using offshore havens at a time of increasing inequality and declining public goods. This week, Russian President Vladimir Putin did not commemorate the hundredth anniversary of the 1917 Bolshevik Revolution. November...

The Daily Devil’s Dictionary: Paradise Papers Define “Transparency”

November 07, 2017

Defending the right to opacity for the direct benefit of Nike, Apple, the Queen of England, the president of Angola, and other politically exposed persons and the indirect benefit of a global economy that depends on keeping rich people motivated. Today's 3D Definition: Transparency The Guardian...

Africa: Tackling Illicit Outflows

March 09, 2014

Tax-free havens threaten the global economy. As far back as the early stages of the global financial crisis in 2007, Nick Mathiason citing the African Union (AU) reported: "More than $150 billion a year is looted from Africa through tax avoidance by giant corporations and capital flight using 'a...

Global Regulation in Trade, Banking and Finance

July 17, 2012

The problem of limited global regulations in trade, banking, and finance, which contributed to the recent global financial crisis, must be remedied if the world wishes to prevent and mitigate future crises.  Background Since 2008 the global financial order has plunged into a trough. Factors...