How tax havens stole your money

June 18, 2013 01:57

British Prime Minister David Cameron will make the call at the G8 summit in Northern Ireland for international action to curb the activities of tax havens, which campaigners say cost governments trillions in lost revenues.

Journalist Simon Hooper points out what he calls the hypocrisy of the UK's position, itself sitting at the center of the world's most powerful offshore empire. Walking up London's Strand in the direction of St. Paul's Cathedral does not feel like crossing one of the major financial fault lines in the global economy.

Simon Hooper Few tourists would perhaps even notice the stone dragon stranded between buses in the middle of the road that marks the boundary of the City of London, the British capital's financial district and one of global capitalism's most dynamic engines.

Read the full report on CNN

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