Aren't museums the rich donate to bringing art to the people? In fact, these days, the rich aren’t taking art to the people. They’re taking art from the people and plopping it into storage vaults that the world’s wealthy use to dodge sales taxes.
The Pandora Papers show the US to be a global center of illicit financial flows. Building the political will to curb this requires action in national capitals and global institutions, and also in all the jurisdictions where wealth is hidden.
Under legislation proposed by Sen. Bernie Sanders (I-VT) and Rep. Jan Schakowsky (D-IL), corporations would pay U.S. taxes on their offshore profits as they are earned. The legislation would take away the tax incentives for corporations to move jobs offshore or to shift profits offshore because the U.S. would tax their profits no matter where they are generated.
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