Illuminating Chart

From Economix:

The British journalist Nicholas Shaxson takes a bolder and more aggressive swipe at the issue in a new book, “Treasure Islands,” arguing that the globalization of tax evasion is undermining fiscal and economic stability in developed and developing nations alike.
Mr. Shaxson provides a fascinating narrative that is both analytically compelling and rich in institutional detail. A section of the book’s Web site provides both a concise summary and a specific rebuttal of many assertions of offshoring cheerleaders.
While business destinations like Bermuda and the Jersey Islands play a colorful role in his story, Mr. Shaxson emphasizes the larger lack of transparency and accountability, characterizing both the United States and Britain as major tax havens.
He also outlines specific solutions, including international tax treaties. Some countries have adopted a poetically named General Anti-Avoidance Principle, which closes tax loopholes by stipulating that any act contrary to the spirit of the nation’s tax laws is illegal.

Nice to know that when "we all need to make sacrifices," some aren't considered part of the "we".