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Kleptocracy Initiative

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KleptoCast: Casey Michel talks to investigative economist James S. Henry about how the U.S. became a global leader in financial secrecy.
By Casey Michel (November 30, 2016)
In 1966, a memo from a former U.S. State Department official found its way to a staffer at Chase Manhattan Bank. “The U.S.,” the memo read, “is probably the second major flight money center in the world, but with little probability of rivaling Switzerland for the foreseeable future.” Five decades on, that relationship has continued, with Switzerland – as the most recent rankings from the Tax Justice Network’s Financial …read more

Source: Kleptocracy Initiative

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