$150 bn lost in tax havens enough to end extreme poverty twice over – report

[catch.me.if.you.can]

Oxfam, the UK based charity, estimates that some $18.47 trillion is being held by individuals in tax havens around the world. Of this some $7.18 trillion is in accounts situated in British Overseas Territories and Crown Dependencies.

Tax lost in tax havens is enough to end global extreme poverty twice over according to new figures published by Oxfam, Wednesday.


https://www.rt.com/news/tax-havens-developing-world-644/

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[yugo23]

Oxfam, the UK based charity, estimates that some $18.47 trillion is being held by individuals in tax havens around the world. Of this some $7.18 trillion is in accounts situated in British Overseas Territories and Crown Dependencies.

Tax lost in tax havens is enough to end global extreme poverty twice over according to new figures published by Oxfam, Wednesday.


https://www.rt.com/news/tax-havens-developing-world-644/

Ah!

People don't care. They prefer cry over refugees invading them. Without understanding they're getting raped like hell by banks and companies...

[craked5]

Lol, everything is said here...

"But no it's normal, free market and capitalism will help increase the economic activity!" Yeah my ass!
Wealth is already here!
Just stop letting it to the same person over again and again!

[saddampbuh]

you will never end global poverty by throwing more welfare aid at the third word, we've been doing it for half a century, all that happens is they get better medicine and food so that more of them survive and create more poor people, a rigorously enforced one child policy is surely the answer to their problems

[Moloch]

you will never end global poverty by throwing more welfare aid at the third word, we've been doing it for half a century, all that happens is they get better medicine and food so that more of them survive and create more poor people, a rigorously enforced one child policy is surely the answer to their problems

You will never end global poverty by throwing more welfare warfare aid at the third world, we've been doing it for half a century, all that happens is they get better medicine murdered so that more fewer of them survive and create more poor people, a rigorously enforced one child policy reduction in the size of the US military is surely the answer to their problems

I Fixed it

[saddampbuh]

You will never end global poverty by throwing more welfare warfare aid at the third world, we've been doing it for half a century, all that happens is they get better medicine murdered so that more fewer of them survive and create more poor people, a rigorously enforced one child policy reduction in the size of the US military is surely the answer to their problems

I Fixed it

there's a lot of problems we can legitimately on blame jewmerican foreign policy but the indiscriminate breeding by aboriginal savages who don't spare a thought for how their progeny are going to survive on this planet is not one of them

20% of the females of child bearing age in turkish refugee camps are pregnant

[McDonalds5]

Oxfam, the UK based charity, estimates that some $18.47 trillion is being held by individuals in tax havens around the world. Of this some $7.18 trillion is in accounts situated in British Overseas Territories and Crown Dependencies.

Tax lost in tax havens is enough to end global extreme poverty twice over according to new figures published by Oxfam, Wednesday.


https://www.rt.com/news/tax-havens-developing-world-644/

Only that little? I thought most of the money would be stored in tax havens 

[ingiltere]

But they don't want to end poverty in the world. If Africa remain hungry, white %1 become richer. If Middle East doesn't have stability, there will be more wars and eventually white %1 become richer. In this post-capitalist world rich get richer, poor get poorer.

[Mike Christ]

It still wouldn't end poverty; perhaps it would 'end' for a short while, but those destined to be impoverished will find a way to squander what wealth they get and it'll become lost in the hands of the few once more; in other words to "remedy" this situation will simply distort the economy even further, after which it'll self-correct as it always does.  So long as there is inequality in intelligence, there's going to be inequality in general as this impacts one's ability to operate effectively in the world, and so far I've seen nothing which can raise anyone's IQ beyond ~5 points.  So I really don't blame them for not wanting to spend money on, for example, Africa; in the end you'll wind up creating a lot more needy Africans and a whole lot more warfare in that nation between warring warlords, and what good is that?  What good is breeding the stupid?  Why fill the world with more violent idiots?  Then you just have more starving people who, if fed, will produce more starving people.  It's just going to create more problems.

Poverty is never going anywhere, the end of which is a pursuit only for one fully disconnected from the reality of the situation.  It's just an excuse used to morally justify stealing from another.

Ah!

People don't care. They prefer cry over refugees invading them. Without understanding they're getting raped like hell by banks and companies...

It's not as if being invaded is something to take lightly.  They're both issues, and people do care about both, just not always at once.  Everyone has their own focus.

[countryfree]

Tax lost in tax havens

Correction, you should say.
Money saved from the evil hands of the fascist state

I still don't understand how some people believe that money going in tax will help reduce poverty. Tax money pay for warfare, nature's destruction, promotion of homosexuality, alcohol and hookers for state officials, golden diapers for babies princes (only in the UK), and building of palaces to show how mighty the state is.

If all countries would become tax-free, there would be so much money spent and earned everywhere that there would be no poverty.

[aardvark15]

Unfortunately, not everyone has access to tax havens, so they only benefit the wealthy.  I don't think some people should have advantages like these that others don't have access to.  I was discovered that Mitt Romney paid lower taxes than middle class tax payers in America because he took advantage of tax havens and loopholes.

[designerusa]

you will never end global poverty by throwing more welfare aid at the third word, we've been doing it for half a century, all that happens is they get better medicine and food so that more of them survive and create more poor people, a rigorously enforced one child policy is surely the answer to their problems

perfectly agreed.. one child policy will be a solution for poverty on earth.. if goverments take this in consideration , this poverty problem will be solved for sure..

[valta4065]

Tax lost in tax havens

Correction, you should say.
Money saved from the evil hands of the fascist state

I still don't understand how some people believe that money going in tax will help reduce poverty. Tax money pay for warfare, nature's destruction, promotion of homosexuality, alcohol and hookers for state officials, golden diapers for babies princes (only in the UK), and building of palaces to show how mighty the state is.

If all countries would become tax-free, there would be so much money spent and earned everywhere that there would be no poverty.

This forum just makes me lose any faith in humanity...

You don't deserve anything better than Trump. Our world is going to burn and we'll be well served with people as stupid as you...

[valta4065]

you will never end global poverty by throwing more welfare aid at the third word, we've been doing it for half a century, all that happens is they get better medicine and food so that more of them survive and create more poor people, a rigorously enforced one child policy is surely the answer to their problems

perfectly agreed.. one child policy will be a solution for poverty on earth.. if goverments take this in consideration , this poverty problem will be solved for sure..

Sure. One child-policy will help them. Their wealth will be much more concentrated. It's a shame that even if you divide their population by 100 they're still poor as hell.

[yugo23]

It still wouldn't end poverty; perhaps it would 'end' for a short while, but those destined to be impoverished will find a way to squander what wealth they get and it'll become lost in the hands of the few once more; in other words to "remedy" this situation will simply distort the economy even further, after which it'll self-correct as it always does.  So long as there is inequality in intelligence, there's going to be inequality in general as this impacts one's ability to operate effectively in the world,

It has been easily and repeatedly proven that IQ is linked to education. So one way to decrease inequalities is to give equal educations. And how do you do this? By giving free education to all new generations. Which is what's been done in whole Europe.

and so far I've seen nothing which can raise anyone's IQ beyond ~5 points.  So I really don't blame them for not wanting to spend money on, for example, Africa; in the end you'll wind up creating a lot more needy Africans and a whole lot more warfare in that nation between warring warlords, and what good is that? 

Yeah cause warlords just "pop out" like that, magically
Not like we sell weapons we build to those warlords in order to get their countries as shitty as they are. And we're paid for that.

What good is breeding the stupid?  Why fill the world with more violent idiots?  Then you just have more starving people who, if fed, will produce more starving people.  It's just going to create more problems.

Poverty is never going anywhere, the end of which is a pursuit only for one fully disconnected from the reality of the situation.  It's just an excuse used to morally justify stealing from another.

Ah!

People don't care. They prefer cry over refugees invading them. Without understanding they're getting raped like hell by banks and companies...

It's not as if being invaded is something to take lightly.  They're both issues, and people do care about both, just not always at once.  Everyone has their own focus.

Cause those two issues are not at all linked. Not like the migration "problem" was linked to wealth concentration.

[Lethn]

I actually came across this pretty funny comic that describes this situation perfectly over on the An-cap subreddit.

http://redpanels.com/86/

What people who make these comments don't realise is that a large amount of our taxes in most countries goes straight to the military, not welfare.

[yugo23]

I actually came across this pretty funny comic that describes this sitaution perfectly over on the An-cap subreddit.

http://redpanels.com/86/

ahahah xD

That sums up so well the USA policies...
This is something I keep forgetting about USA in fact, as it's probably the dumbest thing I ever saw. You don't even need more taxes, you just need to stop spending 56% of them (600 billions) on military.
Military budget: 586 millions, 56% of budget
Education: 70 millions, 6%
Welfare: 66 millions, 6%

Yeah global welfare would clearly kill your country xD

[saddampbuh]

hem (600 billions) on military.
Military budget: 586 millions, 56% of budget
Education: 70 millions, 6%
Welfare: 66 millions, 6%

the americans spend far more money on black and immigrant welfare than they do on their military




https://www.nationalpriorities.org/budget-basics/federal-budget-101/spending/

[countryfree]

Tax lost in tax havens

Correction, you should say.
Money saved from the evil hands of the fascist state

I still don't understand how some people believe that money going in tax will help reduce poverty. Tax money pay for warfare, nature's destruction, promotion of homosexuality, alcohol and hookers for state officials, golden diapers for babies princes (only in the UK), and building of palaces to show how mighty the state is.

If all countries would become tax-free, there would be so much money spent and earned everywhere that there would be no poverty.

This forum just makes me lose any faith in humanity...

You don't deserve anything better than Trump. Our world is going to burn and we'll be well served with people as stupid as you...

You say I'm stupid? I haven't paid any income tax since 1997. How much have you paid?

I won't get Trump, and if don't like him, you can be sure I dislike him even more than you do. My difference is that I dislike all politicians, and make no difference between them. If you think a politician can make your life better, I'm not saying you're stupid, I'm saying you're making a big mistake. Look at what's going on in Nigeria: $16 billions have vanished. This is what governments do.

[bryant.coleman]

The only realistic way to end the global poverty is to popularize family planning. But powerful religious organizations (especially the Christian churches and the Islamic sects) will make sure that this will never happen. The world is over-populated, and it is not capable of sustaining any more people. The resources are limited. As the population increase, the per-capita availability of resources decline, and this causes poverty.

[criptix]

The only realistic way to end the global poverty is to popularize family planning. But powerful religious organizations (especially the Christian churches and the Islamic sects) will make sure that this will never happen. The world is over-populated, and it is not capable of sustaining any more people. The resources are limited. As the population increase, the per-capita availability of resources decline, and this causes poverty.

This is only true under the premise that everyone lives like US americans or europeans.
And one of the biggest problems in US and European society is abudance of resources and therefor the wasting of it.

For example food managment:
Around 30-40% of good/edible food is thrown away each year while 2 billion people have not enough to eat.

We do actually produce enough food for 7 billion people right now - it is just the people cant afford it because they dont have enough money.


http://www.theguardian.com/sustainable-business/2016/mar/09/us-food-waste-environment-ghg-emissions-climate-change

[catch.me.if.you.can]

The only way to solve this problem in the future, is with an automatic digital tax collecting system.