Financial secrecy – dangerous, destructive, and enabling corruption
Financial secrecy is a driver of steepening inequality, rampant financial crime, and impunity for elites in both rich and poor countries. The solution to this persistent problem, argues the Tax Justice Network, is to stop the world’s top secrecy jurisdictions from enabling corruption and illegal activities. This is part 1 of a three-part mini-series on financial secrecy.
