Leaked Documents Expose Tax Scams of Global Elites
Leaked documents reveal Trump-Russia links and piggy banks of the wealthiest 1 percent. ICIJ:“A trove of 13.4 million records exposes ties between Russia and U.S. President Donald Trump’s billionaire commerce secretary… and more than 120 politicians around the world.The leaked documents, dubbed the Paradise Papers, show how deeply the offshore financial system is entangled with the overlapping worlds of political players, private wealth and corporate giants, including Apple, Nike, Uber and other global companies that avoid taxes through increasingly imaginative bookkeeping maneuvers. One offshore web leads to Trump’s commerce secretary, private equity tycoon Wilbur Ross, who has a stake in a shipping company that has received more than $68 million in revenue since 2014 from a Russian energy company co-owned by the son-in-law of Russian President Vladimir Putin. In all, the offshore ties of more than a dozen Trump advisers, Cabinet members and major donors appear in the leaked data.”
Kansas Tax Debacle Presages National Woes
Want to Know What Happens with Large-Scale Tax Cuts? Just Take a Look at Kansas. Alternet:“Kansas Governor Sam Brownback successfully sold (his) home state the lie that tax cuts lead to economic growth. Under the governor’s leadership, Kansas passed cuts so deep that they were called experimental.Brownback said his tax plan would be “like a shot of adrenaline into the heart of the Kansas economy.” He promised the cuts would help create jobs — similar to what the national GOP claims the Trump tax bill will do. But instead, it devastated the state’s economy. Now, only five years later, the state legislature is reversing the policy, widely considered a failure.”
