Treasure Islands - Nicholas Shaxson [158]
19.“The Moral Case for Tax Havens,” Center for Freedom and Prosperity Foundation video, http://www.youtube.com/watch?v=Xf14lkyH2dM; and “Tax Justice Network Sides with Europe’s Tax Collectors, Ignores Critical Role of Low-Tax Jurisdiction in Protecting Human Rights and Promoting Pro-Growth Policy,” Center for Freedom and Prosperity, April 7, 2005.
20.Joel Bakan, The Corporation (London: Constable & Robinson Ltd., 2005), p. 154.
21.“Why Do I Have to Deal with People Like Dan Mitchell?” J. Bradford DeLong, February 12, 2009, delong.typepad.com.
22.When the tax writer David Cay Johnston challenged Norquist, noting that his views were at odds with those of most economists, and taxes were needed to pay for civilization, Norquist responded that “we are not the successor of, we are not a continuation of, western civilisation. We are a unique and different civilisation.” From David Cay Johnston, Perfectly Legal: The Covert Campaign to Rig our Tax System to Benefit the Super Rich—and Cheat Everybody Else (New York: Penguin, 2003), p. 3.
23.See, for example, “Historical Top Tax Rates,” Tax Policy Center, October 26, 2009, http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=213.
24.Jason Sharman, Havens in a Storm: The Struggle for Global Tax Regulation (Ithaca, NY: Cornell University Press, 2006), p. 85.
25.“The Moral Case for Tax Havens,” Center for Freedom and Prosperity Foundation video, http://www.youtube.com/watch?v=Xf14lkyH2dM.
26.David Cay Johnston, “Treasury Chief: Tax Evasion Is on the Rise,” New York Times, July 19, 2001, http://www.nytimes.com/2001/07/19/business/treasury-chief-tax-evasion-ison-the-rise.html?pagewanted=1.
27.“OECD Tax Haven Crackdown Is Out of Line, O’Neill Says,” Center for Freedom and Prosperity news summary, May 11, 2010, http://www.freedomandprosperity.org/Articles/sum05–11–01/sum05–11–01.shtml.
28.Martin A. Sullivan, “Lessons From the Last War on Tax Havens,” Tax Notes International, July 30, 2007.
29.David Cay Johnston, “Treasury Chief: Tax Evasion Is on the Rise,” New York Times, July 19, 2001.
30.Sharman, Havens in a Storm.
31.Johnston, Perfectly Legal, p. 2. A new study in October 2008 based on unpublished IRS data found that the rich hide much more of their income than the poor do. Taxpayers earning true income between $500,000 and $1 million a year understated their adjusted gross incomes by 21 percent overall in 2001, compared to just 8 percent for those earning $50,000 to $100,000. For poorer people, cheating was even lower. See “Rich Cheat More on Taxes, New Study Shows,” Forbes, October 21, 2008, http://www.forbes.com/2008/10/21/taxes-irs-wealth-biz-beltway-cz_jn_1021beltway.html.
32.Martin Wolf, Why Globalization Works (New Haven, CT: Yale University Press, 2005), p. 283.
33.For useful explorations of this topic, see Monique Morrissey and Dean Baker, “When Rivers Flow Upstream: International Capital Movements in the Era of Globalization,” Center for Economic and Policy Research, March 22, 2003; or Dani Rodrik and Arvind Subramanian, “Why Did Financial Globalization Disappoint?” IMF staff papers, vol. 56, no. 1, 2009, pp. 112–138.
34.Ryszard Kapuscinski, Shah of Shahs (New York: Vintage Books, 1992).
35.Caymanian Compass, July 8, 1991.
36.“Framing Cayman,” The Lawyer, March 29, 2004, http://www.thelawyer.com/framing-cayman/109308.article.
37.Anthony Travers, “An Open Letter to President Obama from the Cayman Islands Financial Services Association,” OBE, May 5, 2009.
38.“Tax Havens Batten Down as the Hurricane Looms,” The Observer, March 29, 2009.
39.The G20 declared this on April 2, 2009; the blacklist was empty by April 7. See “The Empty OECD Black List: Where Did All Tax Havens Go?” Eurodad press release, April 16, 2009; Richard Murphy, “The TIEA Programme Is Failing,” Tax Research blog, November 27, 2009; and “A Progress Report on the Jurisdictions