Close ranks to end theft by corporates

Over the past few years, leaks of documents such as the Panama Papers and the Paradise Papers have exposed the dark underbelly of globalisation and provoked indignant denunciations of tax avoidance around the world.

Workers have no choice but to pay their taxes but, apparently, multinational corporations and wealthy individuals can get away with paying hardly anything.

The most shocking feature of today’s corporate tax avoidance schemes is that they are legal. When multinationals create subsidiaries, those entities are considered to be legally independent firms.

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