Thursday February 20, 2020

Paradise Papers: The morality argument is futile

Research by Berkeley economist Gabriel Zucman shows more than 10 per cent of all global wealth is now held in tax havens

12th November, 2017
The Paradise Papers reveal a culture of legal, but arguably immoral tax avoidance by the rich and powerful

Two weeks ago, the country boiled over with outrage about the banks we saved screwing us. It feels like a year ago. In outrage-time, a week is like a month. The outrage machine is grinding its gears around the Paradise Paper revelations that - gasp - rich people don’t like paying taxes. The rich dislike taxes so much they go out of their way and invent entire new industries in new countries to pay less...

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