Montreal Gazette

Clearing up the murky world of tax havens

Documentar­y takes a look at how big companies move money around

- DAVID BERRY

THE PRICE WE PAY

★★★

Directed by: Harold Crooks

Running time: 93 minutes

For complexity, there’s nothing quite like a book. But there’s a simple, undeniable reality to documentar­ies that can make them a more emotionall­y appealing foray into a topic. That inherent appeal is partly addressed in The Price We Pay, a doc directly inspired by more in-depth books on pressing social issues

Inspired by Brigitte Alepin’s book La Crise fiscalequi­vient, The Price We Pay ventures into slightly more arcane territory: Though its undercurre­nt is parallel to recent discussion­s about growing income disparity, by aiming squarely at the shell game that is tax havens, it is necessaril­y more wonkish.

This is the type of doc in which it seems as though every expert, including economist Thomas Piketty, launches their speech with some variation of, “To really understand, you must first ...”

If it’s treading in clay, though, it at least manages to make it into convincing shapes. Its detailed history of moving around money — it goes from the London to the Caribbean, and it turns out Canadian banks had a prominent role — gives way to a clean but thorough examinatio­n of the practice now: how it’s pulled off and what effect it has.

To paraphrase both a commenta- tor and a legislator featured here, these companies don’t have to do anything illegal to end up greatly decreasing their tax burden. Doing the immoral thing of separating where money is made from where it’s claimed is more than profitable enough.

It becomes a bit more convention­al, and starts taking a bit more for granted, when it gets into how this affects us. It’s actually much better at giving heft to more purely intellectu­al arguments than it is watching people on the street.

But it’s still remarkably cleareyed, and does a fine job of laying out how much more complicate­d this issue is in the digital age, when even what corporatio­ns do is as ephemeral as the way they treat their money.

Even more welcome, it’s not needlessly prone to optimism: It both knows and portrays how much more trouble we’re in if we don’t start to wrap our heads around this complex issue.

 ??  ?? Thomas Piketty
Thomas Piketty
 ??  ?? Brigitte Alepin
Brigitte Alepin

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