The #PanamaPapers leak shows how the super-rich and multinationals are actively avoiding paying their fair share of tax, while ordinary people are footing the bill for government spending. Tax havens are at the centre of this scandal, and are fuelling staggering inequality.
We live in a world now where just 62 billionaires have the same wealth as the poorest half of the planet combined – that’s 3.5 billion people. Poor countries lose at least $170 billion every year, because rich individuals and multinational companies hide vast amounts of money in tax havens. This is lost tax revenue that’s desperately needed for vital public services like healthcare and education.
Standard lefty noises from Oxfam. And then at the bottom:
This webpage has been produced with the financial assistance of the European Union.
Group of high tax governments supports charity against low tax governments.
We might even call it the EU paying someone to lobby the EU….