by Jeff Berwick
Breaking news from Agency France Presse (AFP): The G20 has just “embraced a crackdown” on tax haven-corporations and shell companies that will savagely and decisively rip away the last remaining vestiges of financial privacy here on Earth.
This is a huge change, almost incomprehensible. In a single month, from start to finish, privacy assurances that have existed for centuries are being stripped away.
Less than two weeks ago, the Panama Papers (PP) were strategically leaked and we reported, “Financial Elite’s Attack on Worldwide Privacy“. We said it was almost surely a planned leak by financial elites to bring in more worldwide capital controls.