It's #taxday! As you're finishing up your #taxes (or kicking back because you got them done early), corporations are exploiting all sorts of loopholes to avoid paying tax. In fact, the top 50 US companies are hiding $1.4 TRILLION offshore using a network of over 1,600 subsidiaries in 🏝#taxhavens. Find out more ➡ www.oxfamamerica.org/stoptaxhavens
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Tax havens have quietly taken the world by storm. More than half of world trade now passes through these places. They are in the news every day, and are fast becoming a constant fixture of the political debate.
A man floats in the 57th-floor swimming pool of the Marina Bay Sands Hotel, with the skyline of “Central,” the #Singapore financial district, behind him. Singapore#taxhavens
Woods & Galimberti/INSTITUTE @gabrielegalimba