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Trillion Dollar Tax Havens, Inequality and Recession
James Henry Pt2: Vast amounts of money avoid taxes and productive investment
This is the second part in a series of interviews about offshore tax havens. Somewhere between 20 and 30 trillions of dollars, says a new study, is being stashed in these various tax havens to avoid tax, primarily.
James Henry is an economist, an attorney and an investigative journalist. He was a chief economist at the international consultancy firm McKinsey & Company. And he's the lead researcher of this report, titled The Price of Offshore Revisited. He's also a global board member of the Tax Justice Network.
Watch full multipart Major Banks Help Clients Hide Trillions in Offshore Tax Havens