Gabriel Zuchman exposes hidden wealth and tax havens of the ruling rich

Gus Perkowski

  Gabriel Zuchman is one of the preeminent young economic prospects in the word and has just come out with a book studying the role of tax havens with creating demands for austerity and budget imbalances in the Western world. The abuses of corporations an their offshore tax evasion is the basis of his great short book called "The Hidden Wealth Of Nations" and the splash this young professor has made with his writings resembles the profundity caused by Thomas Pikketty's book called "capital" last year. the same two forces contributing to inequality are examined by Gabriel as the inventive guise companies and corporation will go to move their money and hide it from tax man is pretty much amounting to the increased hoarding  of capital and promotion of inequality by the noble class. Gabriel sums up pretty well how all this tax avoidance got started and examines the role of Switzerland and how other destinations soon became notorious for having the wealthy set up shell companies in these islands and small countries to handle their accounts and lay claim to destination of their profits. Gabriel has been all over the internet and on TV pushing this book much to the dismay of the ultra-wealthy long use to their actions being routinely ignored and unheard. The amount in tax havens has dramatically increased in the past five years as governments get tougher and seek to redistribute wealth in a more equitable manner in response to public pressure that the rich pay more from their gains in a global economy. Zuchman offers solutions to combating this scourge towards the end of his book everything from sanctions to financial tariffs on rich people when the want to take out the money and move it to a country where it is obviously because of tax avoidance. The use of technology in fighting this war and a financial register is also key to ending this practice the rich long have abused n avoiding their financial responsibility as citizens of the world. Along with increased political pressure that much of the western world has been seeing it is not to difficult to see how an end of tax havens can quickly be achieved. n the meanwhile Gabriel will continue making his speaking rounds getting his richly deserved fame for one of the leading spokespeople in fighting the impediment of tax avoidance by the world's  one percent.