Panama Papers: Oxfam report reveals 50 US corporate giants with offshore tax havens

As more skeletons tumble out of the 'Panama Papers' closet, an Oxfam report has revealed that 50 US corporate giants, including Apple, Microsoft, Google and Walmart, have stashed around a staggering $1.4 trillion in offshore tax havens.As more skeletons tumble out of the 'Panama Papers' closet, an...

Explainer: Why #PanamaPapers is just the tip of the iceberg

And how tax evasion hurts the world's poorest people.The leak of information from the database of Mossack Fonseca, the giant law firm headquartered in Panama, is a reality check.Not because the information, which went public in India late Sunday night, exposes over 214,000 offshore companies...

Basic Income: A radical idea for eliminating poverty

I imagine most of my readers have never heard of Dauphin, Manitoba. A small, farming community in Canada, Dauphin is a town that was part of an experiment back in the 1970s. The “mincome” project was launched in 1974, and offered everyone a minimum income. Unfortunately, the project was shut down...

53 men and 9 women own as much wealth as half the world's population, Oxfam says

The gap between the richest and the poorest is widening.A new report from Oxfam International, "An Economy for the 1%," says that the richest 1% of the world's population now own more than everyone else combined, while 62 of the world's richest people own about the same as the bottom half of the...

An Economy for the 1%

The gap between rich and poor is reaching new extremes. Credit Suisse recently revealed that the richest 1% have now accumulated more wealth than the rest of the world put together. This occurred a year earlier than Oxfam’s much publicized prediction ahead of last year’s World Economic Forum....

62 people own half the world’s wealth: Oxfam

Hours before the World Economic Forum meets at Davos, the charity Oxfam has reported that inequality has created a world where 62 people own as much as the poorest half of the world’s population.The number of the ultra-wealthy, however, has fallen dramatically from 388 in 2010 and 80 in 2014.“An...

62 People Own Same Wealth as Half the World

The Oxfam report An Economy for the 1%, shows that the wealth of the poorest half of the world’s population has fallen by a trillion dollars since 2010, a drop of 41 percent. This has occurred despite the global population increasing by around 400 million people during that period. Meanwhile, the...

Surging tides of inequality

Children and grandchildren of the poor will remain impoverished, regardless of their potential and hard work.Robust and lasting growth requires reducing inequalities, which undermine the productivity and morale of working people, and limit the number of people who could participate in the market.In...

Progressive tax norms must underlie financing of the Sustainable Development Goals

Sharelines#TaxJustice would lead to funding of the Sustainable Development Goals. Know how. http://bit.ly/1H342wE “Let me tell you how it will beThere's one for you, nineteen for me'Cause I'm the taxman, yeah, I'm the taxman Should five per cent appear too smallBe thankful I don't take it all'...

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