Took a crack at doing a video. I’ve been very curious about the workings of Tax Havens and how they came to be. One popular myth is that Switzerland provided a financial haven to Jews fleeing the Holocaust. Sadly, as I dug into the subject, the reality turned out to be less benign. By some estimates around 8% of Global Wealth resides in Offshore Havens. And this is actually not a surprise at all - virtually anyone of influence in today’s world would have an offshore account. So while the Panama Papers forced political resignations in many countries, it’s laughable to imagine their opponents weren’t doing the same.
The Murky World of Tax Havens
The Murky World of Tax Havens
The Murky World of Tax Havens
Took a crack at doing a video. I’ve been very curious about the workings of Tax Havens and how they came to be. One popular myth is that Switzerland provided a financial haven to Jews fleeing the Holocaust. Sadly, as I dug into the subject, the reality turned out to be less benign. By some estimates around 8% of Global Wealth resides in Offshore Havens. And this is actually not a surprise at all - virtually anyone of influence in today’s world would have an offshore account. So while the Panama Papers forced political resignations in many countries, it’s laughable to imagine their opponents weren’t doing the same.