'The concept of the 'offshore' tax haven has very much washed ashore,' says IPS_DC.
in the international wealth-hiding system—on par with Switzerland, Panama, the Cayman Islands, and other well-known tax havens.
There is a significant correlation between regressive state taxation systems, which hurt the poorest residents, and trust-subservient state laws. "The wealth managers and tax attorneys serving the ultra-wealthy will claim they are just aiding their clients to obey the law," said Chuck Collins, co-author of the report and director of the Program on Inequality and the Common Good at IPS.
"Trillions more are probably secretly sequestered in trusts," the report notes."This swelling tide of wealth is not lifting all boats. As wages continue to stagnate and everyday Americans still face health and economic harms from the pandemic, wealth inequality is a yawning chasm."
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
These 7 States Have the Least Air Pollution in the USBreathing cleaner air is vital to your long-term health, so expect benefits if you live in one of these seven least polluted U.S. states, a new report says.
Lire la suite »
Autocar magazine 28 September 2022: on sale now | AutocarWednesday means a new issue of Autocar is on sale 🎉 Get your copy now for our best fun EV test, all the info on the new Mercedes-AMG C63 and much more
Lire la suite »
Trump back on Forbes 400; new estimate reveals his net worthFormer President Donald Trump has reclaimed his place among the Forbes 400 list of the richest people in the United States after falling off last year.
Lire la suite »
The 2022 Forbes 400 Self-Made Score: From Silver Spooners To BootstrappersHow does Forbes determine if a Forbes400 member is self made?
Lire la suite »