UBS French tax evasion appeal: what s at stake swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.
John Bellamy Foster is the editor of
Monthly Review and a professor of sociology at the University of Oregon. R. Jamil Jonna is associate editor for communications and production at
Monthly Review. Brett Clark is associate editor of
Monthly Review and a professor of sociology at the University of Utah.
The authors thank John Mage, Craig Medlen, and Fred Magdoff for their assistance.
The U.S. economy and society at the start of 2021 is more polarized than it has been at any point since the Civil War. The wealthy are awash in a flood of riches, marked by a booming stock market, while the underlying population exists in a state of relative, and in some cases even absolute, misery and decline. The result is two national economies as perceived, respectively, by the top and the bottom of society: one of prosperity, the other of precariousness. At the level of production, economic stagnation is diminishing the life expectations of the vast majority. At the same time, financializatio
Nicholas Shaxson
When a multinational company based in one country trades or invests overseas, fundamental tax questions arise. For example, which country gets to tax the profits from that investment? For the last century, countries have agreed some basic principles about how multinationals get taxed on their cross-border activity and a powerful international tax system has developed, overseen by the Organisation for Economic Co-operation and Development, the club of rich countries.
Unsurprisingly, this system has tended to favour the interests of rich countries. And everyone knows that multinationals use tax havens to escape tax: estimates from the International Monetary Fund and Tax Justice Network range between $250 billion and $600 billion a year in corporate tax-haven losses, with lower-income countries especially hard hit.
21st December 2020
The international system for business taxation is starting to crumble. Now is the time for civil society to apply pressure.
Foundation for European Progressive Studies Advertisement
#Care4Care!
It took us a global pandemic to realise that
we depend on care. Despite all the clapping from the balconies, care workers continue to work in
precarious and vulnerable conditions. Women, who represent 70% of the care workforce, continue to suffer from a severe lack of recognition for both their
paid and unpaid care work.
It’s time for a care revolution! It’s time to
#Care4Care!
The Foundation for European Progressive Studies (FEPS), together with the Friedrich-Ebert-Stiftung (FES), has been intensively working since 2019 to monitor the EU gender equality policy agenda through a progressive lens focusing particularly on its care dimensions.
MONEYWEB
app instead?
Registries showing the details of beneficial owners will be open for scrutiny by law enforcement. 00:01
The U.S. Capitol in Washington, D.C. The US is second only to the Cayman Islands as the most secretive jurisdiction in the world, according to the 2020 Financial Secrecy Index. Image: Bloomberg
The US Senate has signed the death warrant for anonymous companies with its recent passing of the Corporate Transparency Act, by a veto-proof majority of 84 to 13.
The bill â which will have to be signed by the US president for it to pass into law â was tacked onto the National Defence Authorisation Act. It is expected to be passed before the end of the year.