On Monday, 300 economists signed a letter urging world leaders to end tax havens, saying they only benefited rich individuals and multinational corporations, while boosting inequality.
“The existence of tax havens does not add to overall global wealth or well-being; they serve no useful economic purpose,” the letter says.
Last week, “John Doe” issued an 1,800-word statement, citing “income equality” as his motive. He said: “Banks, financial regulators and tax authorities have failed. Decisions have been made that have spared the wealthy while focusing instead on reining in middle- and low-income citizens.” 570 Australian Corporations paid no tax in 2014
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