" ... activities like tax avoidance/evasion and regulatory arbitrage aren’t peripheral flaws in a financial system primarily concerned with the efficient global allocation of capital. They are the core business, without which the profits of the global financial sector would be a tiny fraction of the $1 trillion or so now reaped annually.
Read : http://crookedtimber.org/2016/05/09/why-is-global-finance-so-profitable/.
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