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Why Even Investment Funds Want More Corporate Tax Transparency

Why Even Investment Funds Want More Corporate Tax Transparency

Daniel Bertossa

Who would dream of putting an end to the culture of secrecy, the opacity of multinational companies' accounts and the fortunes hidden in tax havens? The usual suspects, of course, tax justice activists - academics, churches, trade unions - angered by revelations such as the Panama Papers or Paradise papers.

Pacha Mama has told us that no matter how much we dig, scratch, and pump she can only do so much. Her pal Sol also has a finite capacity to contribute to the concept of wealth. The psychopaths who continue to accumulate after achieving astronomical wealth need to be constrained for the good of everybody, including themselves. I think once some threshold is reached that individuals should be sent to a gorgeous island from which they may not return. Call it Heaven should you want. Just make sure it is a one-way ticket and that the “price” is sufficiently low to rid ourselves of these psychopaths. For fun, let’s install cameras and microphones throughout the island so we can watch them “work and play well among themselves”. Oh, and the island should have but minimal topographic relief.