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Friday, December 21, 2012

Friends in high places
The University of Cambridge’s Ha-Joon Chang gives his take on why tax havens, which drain public revenues from governments around the world, continue to prosper:“Why do tax havens exist? Because rich countries allow them to. If the US came down on tax havens in the same way they come down on countries that trade with Iran and Cuba, we’d have no tax havens in the world.”

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