Nicholas Shaxson - Treasure Islands: Tax Havens and the
Men Who Stole the World:
There is a basic tension between democracy, on the one hand, and free capital movements, on the other. In a world of free capital flows, if you try to lower interest rates to boost struggling local industries, capital will drain overseas in search of higher returns. Investors hold veto power over national governments and the real lives of millions of people are determined by ... speculators... Freedom for financial capital means less freedom for countries to set their own economic policies: from this particular kind of freedom, a form of bondage emerges. Parasos Fiscais e Democracia Offshore [the offshore financial system] is not just a place, an idea, a way of doing things, or even a weapon for the finance industries. It is also a process: a race to the bottom where the regulations, laws and trappings of democracy are steadily degraded, as one arrangement ricochets from one fortified redoubt of finance to the next jurisdiction, and the offshore system pushes steadily, further, deeper, onshore. The tax havens have become the battering rams of deregulation.
Parasos Fiscais e Democracia Hoje o 1% no topo dos pases em desevolvimento controla de 70 a 90% de toda a riqueza financeira e imobiliria. O Boston Consulting Group avaliou em 2003 que mais da metade de toda a riqueza controlada pelos mais ricos est offshore.
Parasos Fiscais e Democracia As duas maiores fontes de investimento na China em 2007 no foram o Japo, os Estados Unidos ou a Coreia do Sul, mas Hong Kong e as ilhas Virgens Britnicas. Da mesma forma, a maior fonte de investimento estrangeiro na ndia, acima dos 43%, no foram os Estados Unidos, Reino Unido ou China, mas o refgio das ilhas Maurcio, uma estrela em ascenso do sistema offshore. Parasos Fiscais e Democracia Offshore is undermining your elected government, hollowing out its tax base and corrupting its politicians. It is sustaining a vast criminal economy and creating a new, unaccountable aristocracy of corporate and financial power. If we do not act together to contain and control financial secrecy then ... a world of suave insiders, impunity, international criminal complicity and desperate poverty, will become the world we leave to our children. A tiny few will have their boots washed in champagne while the rest of us struggle for our lives in conditions of deepening inequality. Curiosidade Nomenclatura: Paraso fiscal, em ingls: Tax haven.