Back in 2012, at the IACC in Brazil our young journalist Ryan Hicks interviewed two men who know all about dirty money, secret companies, their connected to the international financial system, and how this murky web fuels international corruption. Fast forward to 2016 and the publication of the Panama Papers investigation in April has exposed the extent of this web to international scrutiny like never before. But the issues at stake and the solutions that international leaders need to embrace are the same as they were four years ago.
You need people to wake up to the size of the system of offshore tax havens it’s much, much bigger than almost anybody realises. And particularly people need to wake up to fact that the biggest and most important tax havens in the world are big OECD countries which offer the services of secrecy.
Here, Patrick Alley, Co-Founder of Global Witness, and Nicholas Shaxson, investigative journalist and the author of Treasure Islands: Tax Havens and the Men who Stole the World joined Ryan Hicks to talk about the next steps needed to curtail the flow of dirty money.