Why Do Tax Havens Exist?

It's a question I have often asked myself, why do tax havens exist? Was it simply so the rich and powerful could have a place to hide their money? Was it that simple? With the release of the Pandora Papers I think we can safely say, yes it is. In this clip I discuss with Robert Justice from Tax Justice UK why tax havens exist and why we can't just close them down so easily. Watch the full episode here - https://www.youtube.com/watch?v=MM98uNPFhDg

The Pandora Papers is a leak of almost 12 million documents and files exposing the secret wealth and dealings of world leaders, politicians and billionaires. The data was obtained by the International Consortium of Investigative Journalists in Washington DC and has led to one of the biggest ever global investigations. More than 600 journalists from 117 countries have looked at the hidden fortunes of some of the most powerful people on the planet. BBC Panorama and the Guardian have led the investigation in the UK.

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Видео Why Do Tax Havens Exist? канала The Jist