Tax avoidance is a corruption that impoverishes

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Jim Yong Kim, President of the World Bank, gave a speech in which he argued that corporate tax avoidance schemes are a type of corruption:

“Some companies use elaborate strategies to not pay taxes in countries in which they work, a form of corruption that hurts the poor,” Kim said in a speech ahead of the World Bank and International Monetary Fund annual meetings next week in Lima, Peru. According to a recent United Nations report, tax evasion is costing an estimated $100 billion in lost public revenues in poor countries.

 
I’m pretty concerned about the lost revenues in rich countries too, which could also be used to help the poor.

Bill Humphrey

About Bill Humphrey

Bill Humphrey is the primary host of WVUD's Arsenal For Democracy talk radio show and is a Senior Editor for The Globalist. Follow him @BillHumphreyMA on twitter.
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