offshore tax havens
There's no good excuse for Congress's disgraceful delay in responding to the dangerous Zika virus. But the worst excuse of all is that we can't afford to act.
There's a pile of money hiding offshore. The stunning amount that continues to flow across American borders (and those of other countries), and eventually disappears into the pockets of the corporate and political elite, ultimately causes even more damage to our finances and our lives.
Another day, another bombshell study exposing corporate tax evasion.
The Panama Papers have been described by Edward Snowden himself as the "biggest leak in the history of data journalism" and they could eventually expose mass corruption in governments all over the world. And possibly give Snowden a new pen pal.
Just 53 men and 9 women have as much wealth as more than 3.6 billion people on this planet. Such a startling statistic highlights how extreme inequality has picked up a dramatic pace.
Lawmakers claim that short-term revenue from a discount tax on offshore profits is needed to pay for urgent investments in public infrastructure. But if we're serious about fixing our crumbling bridges, roads, and dams, we should start by fixing our broken corporate tax system.