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Edward Snowden and Financial Speculation Taxes

By       Message Dean Baker     Permalink
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Now let's get back to Edward Snowden's efforts to get asylum. Apparently there is a lot that the United States can and will do to prevent sovereign countries from granting him asylum. Does anyone really believe that if the United States used just a fraction of the same power to persuade the Cayman Islands or some other country not to set itself up as a tax haven, that it would be met with a stonewall?

This is absurd. If countries are allowed to act as tax havens against a financial speculation tax or any other measure it is because the administration in Washington is content to let them act as tax havens. When it actually wants something to happen, the Obama administration, like its predecessors, is prepared to do a full Snowden. And in nearly every case, it will get what it wants.

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Dr. Dean Baker is a macroeconomist and Co-Director of the Center for Economic and Policy Research in Washington, D.C. He previously worked as a senior economist at the Economic Policy Institute and an assistant professor at Bucknell University. (more...)
 

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