What is all the hype around tax evasion?

Hiding your identity is not necessarily illegal – neither is hiding your money. However in most places in the world doing either to evade tax is. On this subtle distinction hangs the legality or otherwise of international tax havens such as Panama and the British, NB British Virgin Islands.

President Putin of Russia is apparently now one of the wealthiest men in the world but his presidential salary is hardly a fortune. So this rather begs the question where do he and his henchmen actually get all their money from? One can only speculate.

The elephant in the room – why oh why is it that international governments do not simply close these places down. Could it be that there is so much corrupt money in so many places that no one is immune?

Listen to MoneyTalk this Friday the 8th of April with Simon and Jo learn more. Want to join the discussion? Tweet or Facebook the show – #MTRadio.