Two sides of the same story
If
we’re going to end extreme inequality and poverty, we must end the era
of tax havens. We’re calling on world leaders to work together, and
create a fair global tax system.
By Oxfam
Imagine
a tax haven, and you might imagine an island with palm trees, yachts
and pristine white sands. Some tax havens look like this, some are less
glamorous. Some exist right under our noses. But however they look on
the surface, underneath a very different picture can be found.
Tax
havens are at the heart of a global system that allows multinational
companies and wealthy individuals to avoid paying their fair share while
896 million people worldwide are trapped in extreme poverty, and seven
out of ten people on the planet now live in countries where economic
inequality is worse than it was 30 years ago. Tax havens deprive
governments of the resources they need to provide vital public services,
like health and education, and to tackle rising inequality.
While
the super-rich benefit vastly from this global system, its devastating
impact can be felt in some of the poorest communities in the world.
a tax haven, and you might imagine an island with palm trees, yachts
and pristine white sands. Some tax havens look like this, some are less
glamorous. Some exist right under our noses. But however they look on
the surface, underneath a very different picture can be found.
Tax
havens are at the heart of a global system that allows multinational
companies and wealthy individuals to avoid paying their fair share while
896 million people worldwide are trapped in extreme poverty, and seven
out of ten people on the planet now live in countries where economic
inequality is worse than it was 30 years ago. Tax havens deprive
governments of the resources they need to provide vital public services,
like health and education, and to tackle rising inequality.
While
the super-rich benefit vastly from this global system, its devastating
impact can be felt in some of the poorest communities in the world.
