Dirty Secrets: How Tax Havens Destroy the Economy

By Richard Murphy

What happens when the rich are allowed to hide their money in tax havens, and what we should do about it

The Panama Papers were a reminder of how the superrich are allowed to hide their wealth from the rest of us. Dirty Secrets uncovers the extent of the corruption behind this crisis and shows what needs to be done in the face of this unregulated spread of rampant greed.

Tax havens, we are often told, are part of the global architecture of capitalism, providing a freedom from regulation necessary to make markets work. In this book, leading authority Richard Murphy uncovers the truth behind this lie. The fact of the matter is that this increasingly popular practice threatens the foundations of democracy, sowing mistrust and creating a regime based upon opacity.

As Murphy shows, how we manage our economy is a political decision, and one that can be changed. Dirty Secrets proposes ways to regulate tax havens and what the world might look like without them.

• Language: English
• Publisher: Random House Publishing Group
• Release date: Mar 21, 2017
• ISBN: 9781786631695

Richard Murphy

Richard Murphy is a retired Boston attorney who had served as an Assistant Attorney General (Criminal Division) and First Assistant District Attorney (Norfolk County) in addition to serving as a partner in a private law firm. He is a graduate of Boston College High School,Univ. of Notre Dame & Boston Univ. School of Law. He served aboard ship in the U.S.Navy between college and law school and retired as a Commander in the Naval Reserves.As a champion boxer at Notre Dame he went on to become a NationalPresident of the ND Alumni Association. The father of nine children, he wrote a weekly column “Murphy’s Law” for several Massachusetts papers in the 80’s & 90’s. He was featured in the Law section of Time magazine(1/7/66) for winning a landmark civil liberty case. With Parkinson’s disease and a reverse shoulder replacement ruining his mediocre golf game he decided to try authoring and having received encouraging feedback he is now attempting to write entertaining books connected to interesting court cases.