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Showing posts with the label switzerland

The Money Laundering Capital of the World

Taken together with its partly controlled territories overseas, Britain is instrumental in the worldwide concealment of cash and assets. It is, as a member of the ruling Conservative Party  said  last week, “the money laundering capital of the world.” And the City of London, its gilded financial center, is at the system’s core. The City of London is hiding the world’s stolen money
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Niqab Ban in Switzerland and Beyond

 A liberal argument. “ In Switzerland, population 8.5 million, that number is  estimated  between 21 and 37. These are fractions so small they barely register on a calculator.” In 2009, the French newspaper  Le Figaro  estimated that only 2,000 women in France–out of a total French population of 65 million–wear the burga in France. Targeting Muslims makes them even more visible, only contributing to an increase of racism and Islamophobia. The process is cyclical. Normalising anti-Muslim bigotry
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Legalised crime A couple of years ago, a teacher told me "it wasn't a problem if the bankers, the wealthy, etc engabe in tax evasion and tax avoidance because they create wealth and put it in the economy." "Perhaps the biggest problem is that tax havens mostly benefit financial elites, including some politicians and many of their donors. Meanwhile, pressure from voters for action is limited by the boring and confusing nature of the problem.  Sandwich, anyone?" —    (bbc online) How much of the world's wealth is hidden offshore
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