The Price We Pay: “Dirty Banking” and the Dark History of Offshore Havens and Corporate Tax Avoidance
By Global Research News
Global Research, March 14, 2015

Url of this article:

Documentary by Harold Crooks, 2014, Canada, 98′

PRODUCED by Nathalie Barton, InformAction Films

The Price We Pay is inspired by Brigitte Alepin’s book La Crise fiscale qui vient. Director Harold Crooks (who co-directed Surviving Progress with Mathieu Roy) blows the lid off the dirty world of corporate malfeasance with this  incendiary documentary about the dark history and dire present-day reality of big-business tax avoidance, which has seen  multinationals depriving governments of trillions of dollars in tax revenues by harboring profits in offshore havens.

Tax havens, originally created by London bankers in the 50s, today put over half the world’s stock of money beyond reach of  public treasuries.

Nation states are being reshaped by this offshoring of the world’s wealth. Tax avoidance by big corporations  and the wealthy – citizens of nowhere for tax purposes – is paving the way to historic levels of inequality and placing the  tax burden on the middle class and the poor. Crusading journalists, tax justice campaigners and former finance and  technology industry insiders speak frankly about the accelerating trends that are carrying the Western world to an  unsustainable future.

 The Price We Pay: Official Trailer

Disclaimer: The contents of this article are of sole responsibility of the author(s). The Centre for Research on Globalization will not be responsible for any inaccurate or incorrect statement in this article.