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10min chapter
How the Wealthy Hack the World with Atossa Araxia Abrahamian
Factually! with Adam Conover
Geneva: A Financial Sanctuary for the Wealthy
This chapter explores Geneva’s appeal as a financial haven for wealthy individuals, particularly oligarchs, highlighting its attractive tax negotiations and well-developed service industry. It discusses the implications of wealth concentration in such locales, including limited redistribution benefits for local populations and the controversial practices surrounding tax evasion. The chapter also examines the historical context of Swiss banking secrecy and how it has enabled the country to maintain its status as a sought-after refuge for affluent individuals and corporations.
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