American wealth inequality is staggering. A wealth tax, which would home in on the money people actually have, rather than just the money we earn and spend, could be a solution.
More than 13m leaked files reveal the hidden wealth of some of the world’s richest people including sports stars, celebrities and heads of state. The Paradise Papers show how complex schemes set up in offshore islands can help the super-rich avoid billions in taxes.
The director of the Financial Transparency Coalition discusses the trillions in wealth hidden in the kind of shell companies highlighted in the Panama Papers scandal.