You know an election is coming when the opposition promises to crack down on multinational tax avoidance. That’s exactly what Labor’s shadow assistant treasurer, Andrew Leigh, has done:
Tax havens are dodgy, and they’re being used to dodge all kinds of obligations. From drug kingpins to terrorists, kidnappers to fraudsters, tax havens are a favourite hidey-hole for wrongdoers.
When the Panama Papers were leaked to the media, they revealed how the super-rich were using tax havens to avoid paying their fair share. It’s been estimated that four-fifths of the money in tax havens is there in breach of other countries’ tax laws…
