Ahead of the G20 summit of world leaders next week in Hamburg, Germany, the Organization for Economic Cooperation and Development (OECD) announced that only one country deserves to be on its tax haven blacklist: Trinidad and Tobago. Tax reform advocates have condemned this as a farce
Multinational corporations are lobbying the U.N. behind closed doors to keep tax avoidance off the list of targets in the Sustainable Development Goals, say advocates of global tax reform. Many experts cite tax avoidance by corporations and wealthy individuals as a major driver of inequality and poverty worldwide. The United Nations’ Sustainable Development Goals (SDGs), established by international consensus as a series of goals for reducing poverty and inequity, included reducing tax avoidance and evasion.
The top 50 companies in the U.S. are stashing $1.6 trillion in offshore accounts, according to a new analysis by Oxfam. That money may return to the U.S. at a steep tax discount if a repatriation holiday proposed in some tax reform proposals is implemented. Doing so would allow corporations to continue evading taxes by holding money abroad, according to the NGO.
When President-elect Donald Trump was accused of not paying federal income taxes, he responded by saying, “That makes me smart.” It’s a testament to the structural problem that exists globally today: vast inequality between rich and poor.
For today’s Humanosphere podcast, we’re talking with Alex Cobham about how financial secrecy and tax havens fuel inequity around the…
It is not news that the world’s wealthiest individuals and companies use tax loopholes and haven countries to hide their…
More than $2.1 trillion in Fortune 500 company profits are held offshore, a new study has found. Apple, American Express…
In the wake of Apple’s battles before Congress in defense of its $100 billion tax haven overseas we have a guest post by Joe Brewer, key strategist for /The Rules, a movement aimed at identifying the structural causes of poverty and the means to deconstruct these harmful systems – including tax havens.
No, poverty is not an accident or a immutable fact of life. That’s according to Joe Brewer, the hyper-articulate mind…