Updated: May 29, 2019 10:07:08 am
Moneyland: Why Thieves and Crooks Now Rule the World and How to Take It Back is British journalist Oliver Bullough’s story of the mega rich and the overseas tax havens in which they stash their cash — British Virgin Islands, Guernsey, Panama, Liechtenstein, Isle of Man, Cayman Islands, St Vincent and the Grenadines, etc.
It is a world created out of “Maltese passports, English libel, American privacy, Panamanian shell companies, Jersey trusts… all add(ed) together to create a virtual space… (with) laws (from) anywhere that are most suited to those wealthy enough to afford them at any moment in time”.
The book, says its review in The New York Times, “is strong on passion” and a brilliant uncovering of the scope of hidden money — however, “whether that represents an existential threat to democracy remains an unresolved, and crucial, question”.
Subscriber Only Stories
📣 Join our Telegram channel (The Indian Express) for the latest news and updates
- The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.