What can we do to get MNCs and billionaires to pay their fair share in taxes?
When it comes to taxes, there is one definitive trend in all countries: the wealthiest entities, be it billionaires, or multinational corporations, enjoy the lowest effective rates of taxation. And this is in a context where governments around the world are cutting down on welfare programmes because they ostensibly can\u2019t afford the resources to sustain them. To reduce inequality, fair and effective taxation is absolutely critical, and yet, largely missing.\n\nThe European Union Tax Observatory (EU Tax Observatory) has come out with a report on this subject, titled \u2018Global Tax Evasion Report\u2019. It summarises the work of more than 100 researchers worldwide and quantifies the magnitude and dynamics of tax evasion. \n\nWe discuss this report and its findings.