Rich Hide $3.5T Offshore, Hurting Poor
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oxfams latest report reveals the worlds wealthiest 0.1% are hiding $3.55 trillion in offshore accounts, more than the combined GDP of 44 low-income countries. This untaxed wealth, controlled by the top 0.1%, is fueling inequality and hindering global development. The UN is working on a new tax convention, but developing countries face technological challenges. Oxfam urges G7 leaders to implement permanent wealth taxes and global cooperation to address this issue.
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