The desperate inequality behind global tax dodging
Out of sight, a powerful industry has been developing since the 1980s in tax havens across the globe. By following the money, we can start to grasp the costs that these territories impose on the economies of other countries.
The data that offshore centres publish is far from comprehensive, and our system for measuring household wealth and multinationals’ profits has many weaknesses. But it is improving, and by analysing the data carefully, we can detect consistent patterns and dissipate some of the secrecy that has for decades surrounded the activities of tax havens.
Let’s look first at tax avoidance by big multinationals.… Seguir leyendo »