5856660723_354647e411_o.jpgUncategorized 

The New Face of Tax Havens

By Jordan Clifford

Since the first taxes were collected, there have been tax evaders keen on gaming the system and preserving their wealth. The practice of hiding income on remote islands is no longer a secret. Yet evidence shows that the most formidable tax havens are not necessarily those distant islands, but rather major Western cities—from New York to London. The infograph below examines builds upon this new reality—first explored by Andres Knobel in "The Next Rising Tax Haven," an article from the Spring 2015 issue of World Policy Journal

 

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Jordan Clifford is an editorial assistant at World Policy Journal.

[Photo courtesy of Forex Money for Exchange in Currency Bank]

 

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