TJN in action – in the US

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TJN USA is getting good press coverage:

A recent presentation by Lucy Komisar of the Tax Justice Network at the Conference on Taming the Giant Corporation revealed the full extent of corporate dominance and the reason why bipartisan political contributions is only good business.

"The tax haven racket," said Ms Komisar, "is the biggest scam in the world. It's run by the international banks with the cooperation of the world's financial powers for the benefit of corporations and the mega-rich."

Relying on official estimates, literally trillions of dollars are shielded annually from taxes by fraud, laundering and complex evasion schemes, yet virtually nothing is done to prevent it.

The usual suspects include Goldman Sachs, Citibank, Microsoft, Halliburton, Colgate-Palmolive, Texaco, Chevron, Goodyear, Pepsi, JP Morgan, MCI Worldcom, General Motors, Phillips Petroleum and Northrop Grumman.

In this light, the next time you find yourself wondering why seemingly intelligent and educated politicians can take no constructive actions on the most obvious measures - like global climate change, rebuilding New Orleans, immigration and the war.

Good work. I am also fascinated by the context in which this is reported:

It is conceivable that a multi-billionaire, out of guilt or deeply rooted conviction, could advocate the systemic changes that our fading democracy demands but Michael Bloomberg is not that man. .... Michael Bloomberg is one of them - the head of a multinational corporate propaganda machine.

True.