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Interesting, unsure why you were downvoted here. I completely agree that tax evasion is a global problem. There's a fantasic book called "Treasure Islands"(htt
by patrickdavey 11y ago
Interesting, unsure why you were downvoted here. I completely agree that tax evasion is a global problem. There's a fantasic book called "Treasure Islands"(http://treasureislands.org/ http://treasureislands.org/) which goes into it in detail. Showing how multinationals and the very rich structure their affairs so as to avoid the bulk of taxation (while not actually living in these offshore jurisdictions)
Is it right? It's reasonably legal (the difference between evasion and avoidance is a very grey thing). According to the book linked above, we give less in aid than countries lose in not being able to tax effectively.
Not quite sure how you fix it, probably fewer laws and more transparency. But it'll be quite the fight, there are more than a few $$'s at stake.