Global Financial Impact

Global Financial Impact

🌍The US-led international offshore system deprives governments worldwide of at least $700 billion in annual tax revenue, hindering funding for essential public services and infrastructure.

💰Tax evasion by the ultra-rich accounts for over one-third of all unpaid federal income tax, with 21% of the wealthiest Americans' income going completely unreported and untaxed.

US Role in Offshore Finance

🏩The United States is ranked as the most secretive offshore financial center globally, excelling at protecting oligarchs' wealth.

🌐The US has facilitated global oligarchy by being a key player in the offshore financial system, providing secrecy to wealthy individuals seeking to evade taxation and legal obligations.

Potential Solutions

💡Cracking down on tax havens could generate approximately $175 billion in additional federal revenue, potentially sufficient to lift every American out of poverty.

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