Joseph Stiglitz calls for abolition of offshore bank secrecy
Oct 15, 2007
Click above to see a 6-minute video of Prof. Stiglitz, Nobel Laureate, former Chief Economist of the World Bank, former head of the Council of Economic Advisors to President Clinton. The video was made by Lucy Komisar at a meeting in New York co-sponsored by the Tax Justice Network-USA, which she co-chairs, and his Initiative for Policy Dialogue. (This works best with Firefox; if you use Internet Explorer, click here.)
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About this Story
- By Lucy Komisar
- Posted Tuesday, October 16, 2007
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October 16th, 2007 at 5:09 am
Prof Joseph Stiglitz is a Nobel Laureate, former Chief Economist of World Bank, former head of the Council of Economic Advisors to President Clinton and is now working in partnership with the Tax Justice Network in the USA.
The video here includes his views on banking secrecy. He could be accused of being simplistic. He says the end of banking secrecy would be easy to achieve. If the G7 agreed that they would ban their banks from dealing with banks in locations where banking secrecy was enforced to facilitate tax evasion those locations would have to abandon banking secrecy in days.
That’s not simplistic. Just passing the law would be enough to end banking secrecy for good. It would never need to be used. All that’s lacking is the political will to tackle this crime.
Why do politicians find it so hard to tackle crime committed by the well off?
October 30th, 2007 at 11:59 am
[…] In dem hier vorgestellten Video (auf Englisch: http://thekomisarscoop.blip.tv/ oder http://thekomisarscoop.com/2007/10/16/joseph-stiglitz-calls-for-abolition-of-bank-secrecy/) spricht er über Steuerparadiese. Am Ende könnte man meinen, er sei beinahe ein bisschen […]