Governments Don't Stand a Chance Against Rich People Who Don't Like Taxes

People and corporations stash an enormous amount of money-an estimated $8.7 trillion -in tax havens around the world. In recent days, the public has gotten a glimpse of the industry that enables such stashing, as media organizations reported on a trove of leaked documents known as "the Paradise Papers." The documents originate from several tax-haven nations and two law firms that help individuals and organizations keep their money untouched by the long reach of tax authorities, and this leak comes a little more than a year and a half after the first reports on the Panama Papers , a similar......(read more)

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