Inside Overseas Tax Havens (Tom Ashbrook, On Point)

If you’re rich and you don’t want to pay taxes, here’s a way to go. Drop that billion in a secret bank account abroad. It’s illegal, but there are plenty of people who will help you do it. And there are a lot of people who do it. My guest today, Gabriel Zucman, says there are now $7 trillion in personal wealth stashed in tax havens abroad. Seven trillion dollars. That is eight percent of the world’s private financial wealth, not counting yachts and jewels. And who pays the bills that those tax avoiders don’t? Well, you and me. This hour On Point, the shocking scale of global tax evasion today – on trillions. – Tom Ashbrook
Interview:
http://onpoint.wbur.org/2015/10/08/tax-haven-tax-reform-cayman-islands-ireland