INEQUALITY times TAX DODGING: HEAVEN FOR THE RICH, HELL FOR THE POOR.
June 11, 2021 1 Comment
This weekend the leaders of the G7 get together to ratify the 15% global corporate tax rate. This marks a political shift but is not a done deal. This article examines tax dodging by the rich and their corporations. When wealth flows into fewer and fewer hands and when those hands pay less and less tax, society suffers.
A study by the Rand Corporation examining incomes up to 2018 showed that the changed tax arrangements cost workers up to $42,000 each year by 2016.
Pingback: Inequality & tax dodging. Heaven for the rich, hell for the poor – The New Dark Age