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How the superrich exploit domestic tax havens
Manage episode 307001711 series 2949074
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One of the biggest tax havens in the world — one of the main places where the superrich go to stash their money and avoid taxes — is the U.S. This is largely due to the fact that a number of U.S. states have transformed themselves into tax havens. In this episode of Policy for the People, we talk to Kalena Thomhave, a researcher with the Program on Inequality and the Common Good at the Institute for Policy Studies, about the rise of domestic tax havens and how they make the already severe problem of vast wealth inequality even worse.
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