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Trouble In The Offshore Paradise

Keith CooperJust as Congress begins debate on the Republicans’ “Tax Cut and Jobs Act,” new revelations have emerged about how wealthy elites around the world hide their wealth. The “Paradise Papers” — the result of a leak from the Bermuda-based law firm Appleby — shines additional light onto the shadowy world of hidden wealth and tax dodging. Efforts to reform the U.S. tax system are fundamentally undermined by a global tax-avoidance system that allows individuals and corporations to shift trillions to offshore havens to escape taxation, accountability, and publicity. The Paradise Papers, alongside the “Panama Papers” released in April 2016, provide another set of disclosures into a system full of titillating details about how high-ranking global officials have created their own system of rules. The Bermuda leaks disclose the role of high-ranking Trump administration members, including Commerce Secretary Wilbur Ross and White House economic adv isor Gary Cohn, in using offshore tax havens. National groups and political leaders, including Democratic House Leader Nancy Pelosi, are calling for a slowdown of Republican efforts to push through their tax bill to address these abuses. Oxfam America and the Financial Accountability and Corporate Transparency (FACT) Coalition have called on Congress to hold hearings on the findings and a debate over how to best remedy them. Tax Justice Network international has called on the United Nations to convene a global summit to address tax haven abuse. -more-

By Chuck Collins for Inequality  Popular Resistance  November 8, 2017

Bill Moyers | Academic Freedom in the Age of Trump 

Bill Moyers. (photo: PBS)

Bill Moyers. (photo: PBS)

 Moyers writes: “Back in the 1930s a scholarly intramural feud to choose the inscription for the new library at my future alma mater, the University of Texas at Austin, ended in a draw. From many nominations the competition came down to two finalists. Both said the same thing in different tongues: ‘Ye Shall Know The Truth and the Truth Shall Make You Free,’ from the biblical Gospel of John, and its Latin counterpart: ‘Cognoscetis Ventatem et veritas liberabit vos.'”  READ MORE

Bill Moyers, Moyers & Company  Reader Supported News  October 28, 2017

Democrats have little ability to protest Trump’s pick to run the IRS, despite his absurdly disqualifying backstory.

Lee Fang, Ryan Grim  The Intercept  October 27, 2017 

How Democratic Socialists Convinced a Congressman to Sign Onto Single-Payer Health Care Bill

Nurses and other healthcare activists rally for single-payer/universal healthcare and against any proposed bailouts of private health insurance corporations on April 06, 2009 in Los Angeles. The activists are calling for the passage of HR 676, the United States National Health Insurance Act which would create a universal single-payer health care system, in which the government would provide every resident health care free of charge. AFP PHOTO / Robyn BECK (Photo credit should read ROBYN BECK/AFP/Getty Images)Members of the Democratic Socialists of America attended a town hall to persuade Rep. Don Beyer, D-Va., to co-sponsor a single-payer health care bill.

Zaid Jilani  The Intercept  October 25, 2017

 

on Capitol Hill in Washington, DC. Dr. Michael Dourson confirmation hearing, Washington DC, USA - 04 Oct 2017 (Rex Features via AP Images)

“We’ve done the wrong thing,” said Sen. Thomas Carper, after the Senate Committee on Environment and Public Works voted on Michael Dourson’s nomination to the EPA.

Sharon Lerner The Intercept  October 25, 2017

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