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The Strategic Culture Foundation provides a platform for exclusive analysis, research and policy comment on Eurasian and global affairs.

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😶 Pandora Papers: Who Is Targeted?

No doubt the whole affair was done by “independent investigators” working hand in hand with the U.S. government. Note that Pandora Papers don’t mention a single U.S. politician. Is this because there is no corruption in the United States?

🔗 Follow this link to find the full high-res infographic.

✌️©You are free to repost, reproduce and print this infographic.

#PandoraPapers #corruption #economy

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🗃🌐 Missing from the elaborate Pandora “disclosure” are not only the main financial havens, companies and banks, but also today’s leading investors.

At a cost of many millions of dollars, euros, pesos, etc., 600 journalists from 148 media outlets and 117 countries have compiled the “Pandora Papers” over several months as part of the International Consortium of Investigative Journalists (ICIJ): 2.94 terabytes of data with 11.9 million documents on shell companies in numerous financial dossiers. Tax evasion, money laundering, fraud, corruption and the like among 330 named heads of state and government, other politicians, sports and cultural celebrities, and thousands of businessmen and billionaires are suspected, are probable.
Read more by Werner RÜGEMER ⬇️

#PandoraPapers #corruption #economy

https://www.strategic-culture.org/news/2021/10/11/whos-missing-from-pandora-papers-main-offenders-and-accomplices/

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📣 Pandora Papers: Who Needs Exotic Tax Havens When the U.S. is Already a Big One?

The answer is simple, says author and researcher Sam Pizzigati who coedits inequality.org. The United States has such rock-bottom low tax rates and legal facilities for evasion that its super rich do not have to bother going to the trouble of using exotic shell companies in far-flung global corners. They can easily do so right at home, and all legally too.

The U.S. tax system – once a progressive model in previous decades – is now rigged to enrich the already rich while making the majority of working people pay far more than their fair share of the national tax burden. This has been the case since the 1980s when successive U.S. administrations have one after another soaked the super rich with generous tax breaks.

However, the chronic problem of wealth inequality in the United States (and elsewhere) is having such a damaging impact on its society, economy and ultimately the very functioning of democracy that policymakers are being compelled to find radical solutions. There is ample historical precedent for the benefit of implementing a progressive taxation system. The 1930s New Deal era of FDR made the United States a stronger democracy and a world-leading economy precisely because of its policy of increasing taxes on corporations and those who could afford it. That era has been largely undone by decades of neoconservative and neoliberal capitalism. But polls show that most American citizens regardless of party affiliation support the imposition of higher taxes on wealth.

There are policy tools available to redress the imbalance such as linking the top tax rate to a minimum wage for low-income workers. This can apply to all nations, not just the United States.

👤 Sam Pizzigati co-edits inequality.org which researches and highlights the growing wealth gap in the United States. The organization is widely respected as non-partisan, and has produced numerous papers and books on the subject which are used as critical resources by civic society and policymakers in the fight against economic inequality.

🔗 Read an exclusive interview with Sam

#capitalism #corruption #PandoraPapers #Biden

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