{"article":{"id":247334,"heading":"Video: Tax Havens and the Men Who Stole the World","author":"Nicholas Shaxson","created":"2011-08-11 10:46:04","modified":"2011-08-11 10:46:04","last_modified":"Thu, 11 Aug 2011 17:46:04","article":"

Video: Nicholas Shaxson, March 2011, author of Treasure Island: How Tax Havens Stole the World, 26 min

Nicholas Shaxson on Tax Havens, the Banking system & UK Uncut

http:\/\/www.youtube.com\/watch?v=BqhcMAE1ekA<\/a>

\"According to the Golden Rule, those who have gold make the rules.\"

\"If it's a crime to steal bacon, it's also a crime to steal billions.\"

\"For a long while secrecy was regarded as a necessity and revealing secrets a crime.\"

\"Journalists developed a worldview that taxes are bad and offshore is good.. Now public consciousness is changing and the worldview is being challenged.\"

The revenue crisis is a crisis of corporate tax evasion. If corporations in the US paid 41% (the 1961 tax rate) instead of 11% (today's effective rate), the deficit would be drastically reduced.

Nicholas Shaxson, journalist, writer, consultant, and author of Treasure Islands: Tax Havens and the Men Who Stole the World, gives an insight into his book, Tax Havens, the UK Banking system, UK Uncut and the mechanics of Tax avoidance. <\/p>\n","contact":"mbatko@yahoo.com","link":"http:\/\/www.usuncut.org","address":"","phone":"","parent_id":0,"mime_type":"text\/plain","summary":"The financial crisis mutates into a worldwide economic crisis. Corporate fraud, regulatory failure and expansion of the financial sector lead to atrophy of public spirit. Harry Hopkins and FDR created 4 million jobs in 2 months. Work must be redefined and shared.","numcomment":0,"fileurl":"\/uploads\/","filesize":null,"article_url":"\/news\/2011\/08\/247334.php"},"attachments":[],"comments":[]}