Every year an estimated £388 billion that should have been paid in tax disappears into tax havens.
Two thirds (£274 billion) of this is giant multinational corporations shifting their profits offshore to avoid tax. The rest is wealthy individuals evading tax.
This is a global problem, depriving states and their citizens of money needed for hospitals, schools and other public services. Because we all know that it’s not immigrants causing these problems.
A massive one quarter of that £388bn flows into, or through, or is enabled by Britain and its Overseas Territories – places like the British Virgin Islands and Bermuda.
Just tax the fucking rich.
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