The Panama Papers leak sheds some light on the intricate ways in which the wealthy can exploit secretive offshore tax regimes. As well as charging minimal or no tax to residents and non-residents, the main characteristics of tax havens are … Continue reading
With the Panama Papers exposé perhaps we can now say the fortress walls of offshore secrecy are finally cracking. Such havens allow corruption and tax avoidance to take place on a massive international scale by some of the richest and … Continue reading
I have just heard one of the poorest interviews on the subject of high frequency trading that I have had the misfortune to come across on the usually excellent Today programme on BBC Radio 4. The interviewer, Evan Davis, had the … Continue reading
I promised in a recent post (If Robert Peston thinks that it’s time to stop bashing the bankers he’s wrong) to show you that an innovative, stable and fully functional financial system that avoids regular (or any) crashes is possible. The United States (and consequently most of … Continue reading
Jon Stewart on the travesty of justice that allows businesses like Johnson & Johnson, Goldman Sachs , HSBC, GSK, Pfizer, and a host of other large corporations to negotiate with regulators to pay fines as their pennance for crimes that they have committed whilst none … Continue reading
John Oliver on the travesty of justice that is banks and bankers negotiating with regulators to pay ‘huge’ fines (in reality no more than a few days worth of sales) for committing financial crimes rather than serving jail time. To add insult … Continue reading
On 30 November, Robert Peston published an article on BBC Online that made my stomach churn. In the article, entitled “New City same as old City?” Peston reported on two significant news stories of the day. The first was about the … Continue reading
I Am Incorrigible 