The leaking of the Paradise Papers sheds light on what we already know.
They clearly demonstrate the full extent of the scam being carried out by the rich elite. 13.4 million documents from a variety of off-shore tax havens in Antigua and Barbuda, Aruba, the Bahamas, Barbados, Bermuda, the Cayman Islands, the Cook Islands, Dominica, Grenada, Labuan, Lebanon, Malta, the Marshall Islands, St Kitts and Nevis, St Lucia, St Vincent, Samoa, Trinidad and Tobago, and Vanuatu, clearly demonstrates the extent of the problem. This is not small time.
The rich and powerful are secretly hoarding away their ill-gotten gains in tax havens abroad in order to avoid paying tax. And you know what the worst part of it is – this is legal!!!
Despite all the austerity programmes and massive cuts: despite the millions on the bread-line, cuts in welfare and for the disabled; despite the underfunding of schools and the NHS, the underfunding of care-homes for the elderly and services for communities, it is still alright for the rich to get pay rises, tax breaks and find tax loopholes. Even the Queen is squirrelling away 10 Million.
I find it obscene. But we have become used to it haven’t we?
We live in a country where our tax forms are scrutinised to ensure we pay every penny and have to justify every pound of income. Where the media shriek about a few people who have benefit fraud and are robbing the tax payers of thousands. Yet the rich are legally robbing the tax payers of billions.
That money that they are taking abroad should be properly taxed and invested in the countries it was ‘earned’ in (I use that term loosely). What these people are doing is criminal!! They should be made to pay!!!
How many more times are governments going to promise to seal these loopholes?? They do nothing. The rich and powerful can do what they like. There is one rule for one and another for the rest of us.
The rich and powerful are robbing us blind!!