Trillion Dollar Tax Havens

Ecuador Proposes Worldwide Elimination of Tax Havens

September 26, 2016

Tax havens do enormous damage to economies around the world, explains Ecuador’s foreign minister Guillaume Long

Global Tax Haven Network Means Americans Can Hide Wealth At Home

April 7, 2016

Economist James Henry describes the network of international banks, law firms, accountants, and trust companies that allow wealth to be hidden in tax havens like Delaware

How Tax Dodging Put Puerto Rico on the Road to Debt (1/2)

July 14, 2015

TRNN’s Jessica Desvarieux reports on how Puerto Rico’s tax policy exempts billions of big pharmaceutical companies’ profits, leaving at least $15 billion out of the revenue stream while the country wallows in debt.

The Rich Hide an Estimated 21 Trillion in Offshore Accounts

February 22, 2015

James Henry, author of “Pirate Bankers,” says Swiss Banks like HSBC, Credit Suisse, and UBS facilitate offshore accounts and buy millions of dollars worth of influence in Washington

Top Three Things to Know About Obama’s Proposed Corporate Off-Shore Profits Tax

February 3, 2015

Economist James Henry says Obama’s proposed 14 percent mandatory tax fails to shutdown tax dodging schemes and creates incentives for more tax dodging

Sen. Sanders Presents $1 Trillion Infrastructure Bill as Job Creator

January 29, 2015

Sanders says 13 million jobs could be created if Congress taxed the wealthy and corporate tax havens, but taxing the wealthy is a non-starter for Republicans

Pfizer Offers To Buy Foreign Corporation In Order To Avoid Paying More Taxes

May 15, 2014

Steve Wamhoff of Citizens for Tax Justice discusses how Pfizer avoids paying taxes and what can be done to reform corporate tax laws

Barbados Faces Debt Crisis as an Offshore Tax Haven

December 4, 2013

James Henry: Canadian companies use Barbados as a tax haven to reduce their taxes from 24 percent to 2.5 percent, leaving Barbados with revenue shortage

G-20 Offers Weak Proposals To Stop Corporate Tax Dodging

September 4, 2013

James Henry: More action needed to stop corporations from skirting $200-300 billion per year in taxes.

US Lets Swiss Banks, Accused of Aiding Tax Fraud, Avoid Prosecution with Fines

April 24, 2013

James Henry: Swiss banks are negotiating fines to avoid prosecution, while billions of dollars continue to be hidden away from taxes

Video Game and Tax Day Actions Target Corporate “Tax Evaders”

April 15, 2013

Nicole Tichon and Gan Golan: By projecting a Tax Evader video game on the side of banks and big corporate buildings, actions aim to focus public attention on banks and big companies that pay low to no taxes

The Media and Politics of Offshore Tax Havens

August 12, 2012

James Henry PT 3: Politicians demand debt reduction but the media rarely connects billions of unpaid taxes on offshore accounts to the issue

Trillion Dollar Tax Havens, Inequality and Recession

August 8, 2012

James Henry Pt2: Vast amounts of money avoid taxes and productive investment