Saturday 20 June 2009

Tax Havens Again

Returning to the subject of tax havens on 19th June in a post "Tax Havens and Development - A Damning Report" deals with the complex effects and distortions arising from the movement of monies through these banking locations. Further down the listing is another item "Tax Havens - Macro Relevant" dealing with the general economic impact across the globe. They take a little study, but are another insight into what has been going wrong and why. A gentleman on the beach above, a local preacher, told me firmly that the sand grew on trees far below the waves. The local bankers must have been listening to him.

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