Commentary
Sarah Chayes
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Source: Getty
In The Media
Tax Avoidance: A Global Industry
The Panama Papers leak exposes not only a global system of tax avoidance, but the corrupt networks between government officials, organized criminals, and private institutions.
By Sarah Chayes
Published on Apr 7, 2016
Source: KCRW’s To the Point
The leak of 11.5 million documents from a Panamanian law firm has revealed a vast, deeply rooted infrastructure for hiding money and has caused embarrassment around the world. The Prime Minister of Iceland has resigned. Vladimir Putin has gone on television to deny that his assets are hidden in a shell company owned by a friend. The president of China has demanded censorship of reporting on the “Panama Papers.”
Sarah Chayes spoke to To the Point’s Warren Olney about how U.S. law and companies help foster such corrupt practices. She further explained how kleptocratic governments fuel insecurity from Afghanistan to Nigeria.
This interview was original broadcast on KCRW’s To the Point.
About the Author
Sarah Chayes
Former Senior Fellow, Democracy, Conflict, and Governance Program
Sarah Chayes is internationally recognized for her innovative thinking on corruption and its implications. Her work explores how severe corruption can help prompt such crises as terrorism, revolutions and their violent aftermaths, and environmental degradation.
- China Financial Markets test
Recent Work
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
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