An Annual Meeting with a differenceThis week the People’s Republic of Stoke’s Croft hosted ‘Local Currencies: the Rebellious Act’, a space to come together and reimagine our local currency in a wider context – as one of many local currencies acting together in open rebellion against a failing global money system.
Don’t get distracted by naming and shaming: we need a systemic shift.
Deloittes, KPMG, Ernst and Young, and Price Waterhouse Cooper. The ‘big four’ all provide encouragement and services for the super rich and multinationals to take their money out of the working economy and to hide it from the tax authorities.
It seems nothing will prevent tax avoidance by the super-rich, but as Bristolians we can opt out of the system altogether.
It’s been 18 months since the scandal of the Panama Papers revealed the astonishing scale to which the super-rich hide their wealth, avoiding tax with the help of offshore law firms and accountants. As news breaks this morning of the leaked Paradise Papers, many in the UK will feel furious. Whilst ordinary people suffer crippling austerity, the rich pay huge amounts to lawyers and accountants willing to push the limits of every tax law to avoid paying the tax used for vital public services.