Here Are 10 Ways to Fight Corruption

By Thomas Hernandez in Anticorruption 1430 views 5th January 2017 Video Duration: 00:01:38
Everyday corruption can seem almost impossible to fight. However, there are definitely ways to fight it. Check out this video to find out 10 ways you could f...

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In medieval times people couldn't hide their wealth when tax collectors came to inventory it. Nowadays they can. It is said that 64 percent of the global profits are parked offshore, for an important part by multinationals from the first world.

The third world is the victim of this practise. An example from the banana industry: exporting a banana from the Cayman Islands costs 13 pence. When it arrives in the UK to be consumed, the costs have grown to 60 pence. All of this money goes to other parties than the Cayman Islands.

Because of the tax havens, countries from the Third World are not able to receive the tax incomes they are entitled to. Henry even concludes that the debt problem of the third world is not a debt problem, but a tax problem. Both amount to almost the same.
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