Posts Tagged ‘#Law’

“Where do multinationals pay taxes and how much?” Gaining insight from international tax experts, Backlight director Marije Meerman (‘Quants’ & ‘Money & Speed’), takes a look at tax havens, the people who live there and the routes along which tax is avoided globally.

English: Map of tax havens, using the 2007 pro...

English: Map of tax havens, using the 2007 proposed “Stop Tax Haven Abuse Act”, US Congress, list of tax havens (Photo credit: Wikipedia)

Those routes go by resounding names like ‘Cayman Special’, ‘Double Irish’, and ‘Dutch Sandwich’. A financial world operates in the shadows surrounded by a high level of secrecy. A place where sizable capital streams travel the world at the speed of light and avoid paying tax. The Tax Free Tour is an economic thriller mapping the systemic risk for governments and citizens alike. Is this the price we have to pay for globalized capitalism?

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Glenn Greenwald - Caricature

(Photo credit: DonkeyHotey)

DemocracyNow.org – Four years after the 2008 economic crisis, not a single top Wall Street executive has gone to jail. “These executives knew that they could take these huge risks and even break laws and pay no real price, and that’s what happened,” says Glenn Greenwald, author of “With Liberty and Justice For Some: How the Law is Used to Destroy Equality and Protect the Powerful,” and a blogger for Salon. “It’s not just a travesty of justice that we haven’t punished them for past transgressions. The real danger is that we’re continuing to send the signal to the world’s most powerful financial actors that they don’t have any fear of criminal accountability when they commit these obvious crimes.”

Watch the extended interview with Glenn Greenwald

 

Glenn Greenwald (born March 6, 1967) is an American lawyer, columnist, blogger, and author. Greenwald worked as a constitutional and civil rights litigator before becoming a contributor (columnist and blogger) to Salon.com, where he focuses on political and legal topics.

 

With Liberty and Justice for Some: How the Law Is Used to Destroy Equality and Protect the Powerful by Glenn Greenwald: From the nation’s beginnings, the law was to be the great equalizer in American life, the guarantor of a common set of rules for all. But over the past four decades, the principle of equality before the law has been effectively abolished. Instead, a two-tiered system of justice ensures that the country’s political and financial class is virtually immune from prosecution, licensed to act without restraint, while the politically powerless are imprisoned with greater ease and in greater numbers than in any other country in the world.

Starting with Watergate, continuing on through the Iran-Contra scandal, and culminating with Obama’s shielding of Bush-era officials from prosecution, Glenn Greenwald lays bare the mechanisms that have come to shield the elite from accountability. He shows how the media, both political parties, and the courts have abetted a process that has produced torture, war crimes, domestic spying, and financial fraud.

Cogent, sharp, and urgent, this is a no-holds-barred indictment of a profoundly un-American system that sanctions immunity at the top and mercilessness for everyone else.


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democracynow.org — California and New York City lawmakers are introducing measures today calling for a constitutional amendment overturning Citizens United, the controversial 2010 Supreme Court ruling that characterizes political spending as free speech and opened the floodgates for unlimited corporate spending on election campaigns. Similar measures have passed in Los Angeles, Oakland, Albany and Boulder. Democracy Now! speaks with Harvard Law School Professor Lawrence Lessig, author of a new book that examines how money buys results in Congress and fuels campaigns that put the powerful in office. Lessig argues that both Democrats and Republicans suffer from the undue influence of corporate lobbying and unlimited campaign financing, and lays out a strategy to fight it, including a call for a constitutional convention that could propose an amendment for publicly-funded elections.