September 13, 2017

International Business Times: There Is a Direct Link Between Tax Evasion and Inequality

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According to Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy, a Washington, D.C.-based think tank, the reason the U.S. exhibits such a high level of wealth inequality, even without hidden holdings taken into account, is that “we have a tax system that’s pretty much designed to help individuals accumulate wealth.”

“It’s obviously a completely legitimate system of rules, but one that’s geared toward inequality,” he said, adding that the problem could be more excusable in developing nations with less governmental and financial structure and stability. “We have the structure in place where we can monitor tax avoidance. We have no excuse.” Read more