How poor countries finance the rich?

Each year hundreds of billions of dollars leave developing countries and land in the coffers of rich countries like Switzerland. This trend “contradicts the neoclassic economic theories, according to which capital should naturally circulate from rich countries to...

EU plans new rules against tax avoidance

The tax discussion at the plenary session of the EU parliament was added to the agenda after reports this week on a large leak of tax data, known collectively as the “Pandora Papers”, which showed how the rich and powerful continue to systematically use...