‘Funk Money’: the end of empires, the expansion of tax havens, and decolonization as an economic and financial event User Ebadd, in the The Dismal Science subreddit, 06 Sep 2020
Tax havens were created by colonial finance in order to continue colonial-style extraction from the global South. Real decolonization requires closing the tax havens. User adoglyinginacorner, in the Critique of Essentialism subreddit, 30 Aug 2020
Tax havens and offshore finance expanded during the 1950s and 1960s as a result of white settlers, businessmen, and officials moving assets in the wake of decolonization (Vanessa Ogle, August 2020) User yonkon, in the A history of Bling Bling subreddit, 26 Aug 2020
Study: Decolonization created a money panic that led white settlers, businessmen, and officials to try to liquidate assets they owned and move funds out of the colonial world. Instead of being repatriated to metropolitan countries with high tax rates and exchange controls, money moved to tax havens. User smurfyjenkins, in the International Relations subreddit, 24 Aug 2020