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Taxation and the redistribution of wealth looks set to dominate the economic and political agenda in the twenty-first century. Inequality is currently the buzzword amongst academics, politicians and business leaders around the world, and the redistribution of wealth is the logical and most efficient means of addressing the problem. Tax avoidance and offshore finance are the primary obstacles to a coherent redistribution of wealth. Without a re-evaluation of taxation in the modern global economy, we will have to endure a future of poverty, state failure and conflict.

Tax avoidance through offshore finance enjoys some of economics’ most horrific and shocking statistics. Half of the world’s cross border trade is via tax havens; wealthy individuals (not including companies) are estimated to hold up to $32 trillion offshore; and, $1.3 trillion of illicit finance flowed from developing countries in 2008 alone.

This paper seeks to address the current failure of the international taxation system, its effect on the world, and the role of the labour movement. See the attached document below to find out more on this issue.