Nicholas Shaxson

Studies Reveal That at Least $21 Trillion is Hidden in Secret Tax Havens, Gap Between Rich and Poor Growing

By / Taxation /

(The auther of this report, James Henry, will be on my radio show just after 5:40ET today. The streaming audio can be foundhere.) Tax Justice NetworkJuly 22, 2012 At least $21 trillion of unreported private financial wealth was owned by wealthy individuals via tax havens at the end of 2010. This sum is equivalent to the size […]

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It’s a bird, it’s a plane, it’s . . . a Tax Penalty!

By / Taxation /

One of the big political stories yesterday was Republican presidential candidate Mitt Romney correcting his top advisor, Eric Fehrnstrom, thus giving us the accurate description of how the individual mandate to purchase health insurance will be enforced.  Yesterday Mr. Romney called it a tax and on Monday of this week Mr. Fehrnstrom called it a penalty. 

It’s a bird, it’s a plane, it’s . . . a Tax Penalty! Read More »

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