America Is Becoming the World’s Largest Tax Haven | by Joseph E. Stiglitz - Project Syndicate

America Is Becoming the World’s Largest Tax Haven | by Joseph E. Stiglitz - Project Syndicate

In a world where capital and rich individuals can cross borders freely, only international cooperation can ensure that multinational corporations and the superrich are fairly taxed. That's why US President Donald Trump rejects it, and also why his administration has embraced crypto.

NEW YORK – Donald Trump is rapidly turning the United States into the largest tax haven in history. Just remember the Treasury Department’s order to withdraw from the transparency regime that reveals the real identity of business owners; the withdrawal of the administration from negotiations to establish a United Nations Framework Convention on International Tax Cooperation; its refusal to apply the Corrupt Practices Abroad Act; and the massive …