Oxfam: Most of World Bank's Private Investments Linked to Tax Havens

<p><a href="https://www. avi icke.com/wp-co te t/ ploa s/2016/04/ethiopia-i ter atio al-a optio -3.jpg_1718483346.jpg" rel="attachme t wp-att-368750"><img class="size-f ll wp-image-368750 alig ce ter" src="https://www. avi icke.com/wp-co te t/ ploa s/2016/04/ethiopia-i ter atio al-a optio -3.jpg_1718483346.jpg" alt="ethiopia-i ter atio al-a optio -3.jpg_1718483346" wi th="600" height="340" srcset="https://www. avi icke.com/wp-co te t/ ploa s/2016/04/ethiopia-i ter atio al-a optio -3.jpg_1718483346-300×170.jpg 300w, https://www. avi icke.com/wp-co te t/ ploa s/2016/04/ethiopia-i ter atio al-a optio -3.jpg_1718483346.jpg 600w" sizes="(max-wi th: 709px) 85vw, (max-wi th: 909px) 67vw, (max-wi th: 984px) 61vw, (max-wi th: 1362px) 45vw, 600px" /></a></p>
<p>‘As the Pa ama Papers co ti e to she light o the wi esprea iss e of tax evasio aro the globe, Oxfam has reveale that the Worl Ba k is also complicit i promoti g tax have s with the majority of its private i vestme ts goi g to compa ies with offshore acco ts, accor i g to a ew report release Mo ay.</p>
<p>“Tax o gi g by m lti atio al corporatio s alo e costs evelopi g co tries at least US$100 billio every year, a corporate i vestme t i tax have s almost q a r ple betwee 2000 a 2014,” Oxfam sai i a rece t report. “F rthermore, it is estimate that globally a total of US$7.6 trillio of i ivi als’ wealth sits offshore. If tax were pai o the i come that this wealth ge erates, a extra US$190 billio wo l be available to gover me ts every year.”‘</p>
<p><a href="http://rea ers pporte ews.org/ ews-sectio 2/318-66/36274-oxfam-most-of-worl -ba ks-private-i vestme ts-li ke -to-tax-have s" target="_bla k">Rea more: Oxfam: Most of Worl Ba k’s Private I vestme ts Li ke to Tax Have s</a></p>