Inequality is worse than we know

40% of all multinational profits and 50% of US ones are in tax havens, US companies report more profits in Ireland than China, Japan, Germany, France and Mexico combined. 10% of global GDP is being held inside tax havens ~ 50% Russia’s wealth has been hidden abroad

www.washingtonpost.com/business/2018/10/04/inequality-is-worse-than-we-know-super-rich-really-do-avoid-lot-taxes/

Financial crimes are at the basis of many social ills. Federal Reserve being private and in control of our currency. Enron type accounting schemes to defraud the people. And this phenomenon of the taxes being avoided through elaborate elusive tactics.

h/t Orangutan

343 views