Daily Maverick

BAN TAX HAVENS TO STEM THE FLOW OF MONEY TO THE ELITE

- Alan Salmon

Economic growth and consumptio­n cannot go on forever on a finite planet, a change is needed! (DM 17/09/2020)

Excellent article by Chris Butters. The bailout of the banks in 2008 was disgracefu­l and there is no doubt the entire world financial system needs an overhaul, but exactly how to fix it is not easy. I would start by banning all tax havens which allow the huge multinatio­nals to hide their massive profits and avoid paying tax. The flow of money to the small elite at the top has to be curtailed somehow so that all the citizens of the world can be uplifted. A massively complex problem.

Newspapers in English

Newspapers from South Africa