Naomi Fowler ■ ‘Competition’ is killing us: the Tax Justice Network podcast, September 2020

A silver microphone on a desk

In this episode of the Tax Justice Network’s monthly podcast, the Taxcast:

The transcript is available HERE (not 100% accurate)


You know, we can afford to do all of the things that we need to do to make the world safer, more sustainable, more equal – the money is there. And the question is who is in charge of that money, or what rules have we placed on that money? And currently the rule that we’ve placed is shareholder value and profit maximisation, and money will only ever be used in that way, unless we manage to find ways to repurpose it.”

~ Michelle Meagher, competition lawyer and author

I’ve spent my whole career looking at dirty money flows and the offshore financial world. And I’ve been hearing these pathetic excuses about yeah, that’s in the past, but everything’s changed. I’ve been hearing that for 40 years. Yes, change has happened, but they’re so superficial and compliance is so weak and the regulatory regulations have been undermined to such an extent that the whole thing is nothing more than a fig leaf, an exercise in window dressing. And as far as most banks are concerned, and I’ve heard this from compliance officers working with the biggest banks in London, they just say the whole thing is a charade.

~ John Christensen of the Tax Justice Network on the #FinCen files

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