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.
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
62 people own same as half world – Oxfam
62 people own same as half world – Oxfam
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