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British Virgin Islands: Tax haven deprives governments of the revenues they need for societies to function properly (Photo: JaguarJulie)

Why the EU needs to end the era of tax havens

It is a simple figure that highlights the inequalities in our world: the 62 richest people own as much as our planet’s poorest 50 percent, a new Oxfam report published for this year’s World Economic Forum (WEF) has shown. It also has revealed that not only are the rich getting richer, but devastatingly, the poorest are being hit the hardest.

Inequality has a huge impact on the...

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The views expressed in this opinion piece are the author’s, not those of EUobserver
British Virgin Islands: Tax haven deprives governments of the revenues they need for societies to function properly (Photo: JaguarJulie)

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