Countries could lose $4.7 trillion over the next decade to tax havens, tax group estimates | CNN Business

The report’s authors estimate that $4.7 trillion is roughly equivalent to a year’s worth of public health spending worldwide

           

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The Oversight Committee has not yet acquired President Biden’s bank records and although Biden often boasts of releasing his personal tax returns, he has not revealed in detail the sources of more than $13 million in income that was routed through “S corporations” in 2017 and 2018.

Hunter wrote in emails retrieved from his former laptop that he had to share up to “half” of his income with his father, though Joe Biden has denied ever discussing business interests with his relatives. Did HE Pay Taxes on this Money? Why should Americans pay taxes when The Big Guy doesn't ???


Dark money and tax havens thieve the wealth of nations. Think of pirate treasure, because the legalized practice is not capitalism - it's piracy. At the expense of tax payers who do not have the means to hide, bury, steal. Especially in the coming years of atmospheric climate destruction, nations will need to social capital for response to health and resilience - physical and financial - that will impact millions and millions of people. In the meantime corporations, private equity, kleptocrats and gangsters stuff more and more of the world's wealth in their pockets and wave at us from space capsules. And do not let the facilitators off the hook, like several US states, the City of London, Zurich, Frankfort, etc. They are the fences for the stolen wealth. The Democratic Party recently managed to pass some legislation (The Transparency Act), to regulate shell companies, of course completely resisted by the Republican Party. This is the issue of our time. The book Moneyland is a good primer on the borderless ethersphere of hidden money. Another good book is House of Trump/House of Putin, narrating the corrupt world of Manhattan and Florida money laundering.




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