Part 1 of 5 · freeIntroduction
Some territories, often tiny ones, let companies and great fortunes escape almost all the tax they owe at home. These are tax havens. An estimated $10 trillion, roughly 8 to 10% of the world's wealth, sits in them.
This isn't just a problem for accountants. It costs governments $600 billion a year, money that could have paid for hospitals or schools. Here's how this discreet system works, and why it resists regulation so well.
The rest is in the Sophia app.The remaining parts, the open-book quiz and the full glossary. Free to start; Premium unlocks everything.
- 2How the money hides
- 3The art of making a profit disappear
- 4The world reacts (a little)
- 5Fragile progress toward tax fairness
Open-book quiz9 questions whose answers are in the text.
Glossary14 terms explained in a tap.
30 languagesThe same course, from French to Japanese.
