[kellyhound]

Background:

Tax dodging by multinational corporations costs the US approximately $111 billion each year and saps an estimated $100 billion every year from poor countries, preventing crucial investments in education, healthcare, infrastructure, and other forms of poverty reduction.

US policymakers and a broken international tax system enable tax dodging by multinational corporations, which contributes to dangerous inequality that is undermining our social fabric and hindering economic growth.

Introduction:

The gap between rich and poor is reaching new extremes. The richest 1% have accumulated more wealth than the rest of the world put together.

Meanwhile, the wealth owned by the bottom half of humanity has fallen by a trillion dollars in the past five years. Just 62 individuals now have the same wealth as 3.6 billion people – half of humanity. This figure is down from 388 individuals as recently as 2010.

These dramatic statistics are just the latest evidence that today we live in a world with dangerous and growing levels of inequality.

Further read in attached pdf.