Dirty Secrets ─ How Tax Havens Destroy the Economy

What happens when the rich are allowed to hide their money in tax havens, and what we should do about it?

The revelations from the Panama Papers show unknown levels of secret money: how the superrich hide their wealth from the rest of us.?Dirty Secrets?uncovers the extent of the corruption behind this crisis and ?exposes the failures of those in power to control this rampant greed.?

Tax havens are part of the global architecture of capitalism. It is claimed that they provided the freedom from regulation that was necessary to really make markets work and so we all actually gained from them. In this sense they are the ultimate expression of neoliberalism. But this argument and that philosophy has now failed. Furthermore democracy itself is being threatened by the political fall-out from the mistrust this regime has created. The result is that tax havens are now a threat to the very system that supposedly spawned it.?Dirty Secrets?is the most revelatory examination of the crisis by a leading expert, but also offers solutions on how governments can regulate havens and what the world might look like without them.

Richard Murphy is a UK chartered accountant. He was senior partner of a practicing firm and director of a number of entrepreneurial companies before becoming one of the founders of the Tax Justice Network in 2003. He now directs Tax Research UK and writes, broadcasts and blogs extensively. He has been described as the architect of 'Corbynomics' as ?part of the Corbyn campaign for leadership of the labour party. In 2015 he became Professor of Practice in International Political Economy at City University, London. He is joint author of Tax Havens, The True Story of Globalisation. He has also written The Courageous State and The Joy of Tax.