Tax dodging is a crime against developing countries

Five hundred Indians have been named in the Panama Papers revelations about the rich and powerful's use of tax havens, including well-known film stars and politicians. Research group Global Financial Integrity (GFI) previously estimated that India lost a whopping $51 billion to tax...

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...

300 economists urge leaders to reject tax havens

LONDON (AP) — Hundreds of economists urged world leaders Monday to end the era of tax havens, arguing they only benefit rich individuals and multinational corporations and serve to increase inequality.The 300 economists, in a letter coordinated by activist group Oxfam, say poorer countries are hit...

Tax dodging is a crime against developing countries

Five hundred Indians have been named in the Panama Papers revelations about the rich and powerful's use of tax havens, including well-known film stars and politicians. Research group Global Financial Integrity (GFI) previously estimated that India lost a whopping $51 billion to tax evasion in the...