As Director of Rural Development for New Mexico, Terry Bruner travels to rural communities all across the state. As such, he's got a unique vantage point on ...
In this thought-provoking talk Fred Branson, founder of award-winning charity Amantani, invites you to re-imagine...
In this thought-provoking talk Fred Branson, founder of award-winning charity Amantani, invites you to re-imagine the relationship between the world’s so-cal...
Despite the fact that the world is experiencing a period of great economic prosperity, the political choices of...
Despite the fact that the world is experiencing a period of great economic prosperity, the political choices of states show a growing mistrust of democracy. ...
See how a signature approach to emergency shelter and settlement recovery can have a transformative impact in...
See how a signature approach to emergency shelter and settlement recovery can have a transformative impact in people’s ability rebuild their homes, communiti...
UNESCO Associated Schools in 10 countries were selected to participate in this film project which aims to raise...
UNESCO Associated Schools in 10 countries were selected to participate in this film project which aims to raise awareness on key issues related to human righ...
Sponsored by the Science and Technology Innovation Program. Invited panelists will discuss the science behind...
Sponsored by the Science and Technology Innovation Program. Invited panelists will discuss the science behind synthetic biology, the risks this emerging tech...
Since 2000, more than 27,000 migrants and refugees have died attempting the perilous journey to Europe. With an...
Since 2000, more than 27,000 migrants and refugees have died attempting the perilous journey to Europe. With an unprecedented number of people breaking throu...
James S. Henry introduces a hot topic: offshore banking. The G8 and G20 are planning meetings to discuss it. Even...
James S. Henry introduces a hot topic: offshore banking. The G8 and G20 are planning meetings to discuss it. Even the Netherlands is a tax haven for certain types of companies. The huge amount of numbers and graphs tells us that we are confronted with nothing less than a global tax haven industry. For example, Apple makes 100 billion dollars a year of tax free profits because of the games private bankers know how to play.
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.
