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A visit to Oxfam

 Oxfam is introducing its new report „An Economy for the 1%”. Eight Billionaires have as much in assets as the poorer half of the population of the world. The gap between rich and poor is larger than expected. The concentration of wealth in the hands of ever fewer is increasing, while hundreds of thousands do not have enough to eat, and billions of people more or less just about exist.  That also has to do with the power of the international corporations: They use aggressive tax avoidance strategies, move their profits to tax havens and force states into a ruinous competition for lower taxation rates. We all are the losers! The worst hit are those living in poor countries. Due to tax avoidance countries are missing out at present on at least 100 Billion US Dollars per Year”