Tag: legal or illegal their hidden

The Pandora Papers show the line between tax avoidance and tax evasion has become so blurred we need to act against both

OECD chief Mathias Cormann has brokered a deal for a global minimum corporate tax rate. OECD (CC BY-NC 3.0 IGO) Some of what’s been uncovered in the Pandora Papers is illegal (“evasion”) but much might not be (“avoidance”, aided by anonimity). The effect is the same. Dollars that ought to have been paid in tax are withheld and used for the benefit of people who aren’t keen to admit to owning them.

Source: The Pandora Papers show the line between tax avoidance and tax evasion has become so blurred we need to act against both