Comments on: Joseph Stiglitz calls for abolition of offshore bank secrecy http://thekomisarscoop.com/2007/10/joseph-stiglitz-calls-for-abolition-of-bank-secrecy/ Reports & Analysis by Investigative Journalist Lucy Komisar Sun, 07 Mar 2010 16:35:50 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: ATTAC über Steuerparadiese, Steuergerechtigkeit - Justice fiscale! http://thekomisarscoop.com/2007/10/joseph-stiglitz-calls-for-abolition-of-bank-secrecy/comment-page-1/#comment-8473 ATTAC über Steuerparadiese, Steuergerechtigkeit - Justice fiscale! Tue, 30 Oct 2007 15:59:44 +0000 http://thekomisarscoop.com/2007/10/16/joseph-stiglitz-calls-for-abolition-of-tax-havens/#comment-8473 [...] 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 [...] [...] 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 [...]

]]> By: Richard Murphy http://thekomisarscoop.com/2007/10/joseph-stiglitz-calls-for-abolition-of-bank-secrecy/comment-page-1/#comment-8458 Richard Murphy Tue, 16 Oct 2007 09:09:25 +0000 http://thekomisarscoop.com/2007/10/16/joseph-stiglitz-calls-for-abolition-of-tax-havens/#comment-8458 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? 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?

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