Thread by @OxfamIndia

Whenever a politician or business leader claims there is ‘no money’ to pay for health, education, climate damage, innovation and for a fair post-COVID recovery, they know where to look.

Follow the 🧵(1/6)👇
@IndianExpress #PandoraPapers
indianexpress.com/article/expres…

"Governments must end tax havens by agreeing a global blacklist and taking counter measures which includes sanctions."— @AmitabhBehar

#PandoraPapers (2/6)👇

economictimes.indiatimes.com/news/india/abo…

We know the increase in declared wealth of top 11 billionaires of India during the pandemic could sustain the #MGNREGS scheme for 10 yrs.

We cannot allow tax havens to stretch #inequality while the world experiences largest increase in poverty in decades. #PandoraPapers (3/6)👇

Developing countries are being hardest hit, proportionately. Corporations and the wealthiest individuals that use tax havens are out competing those who don’t. Tax havens also help crime and corruption to flourish. #PandoraPapers (4/6)👇

Tax havens cost governments around the world $427 billion each year. That means fewer hospitals, schools and low investment in people's welfare. Ordinary taxpayers have to pick up the pieces. #PandoraPapers (5/6)👇

Governments must continue to spend more on social welfare and public services as a larger proportion of existing budget allocations to at least provide the bare minimum of services of health and education for all. #PandoraPapers (6/6)

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