CLEAN : Oxfam: US firms stash $1.4 tn in offshore tax havens

CLEAN : Oxfam: US firms stash $1.4 tn in offshore tax havens

Assessment

Interactive Video

Other

10th Grade - University

Hard

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The video examines the tax practices of the top 50 American corporations, revealing that $1.4 trillion is held in offshore tax havens, depriving the U.S. of $100 billion in tax revenue. The report aims to highlight how the global tax system encourages such behavior, affecting both developed and developing countries by reducing funds for public services. The system is described as rigged against all countries, with average citizens bearing the cost. The video calls for institutions like the World Bank to lead discussions on responsible tax practices.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the primary goal of the report mentioned in the text regarding corporate tax practices?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways are middle class and lower class citizens affected by the tax practices of large corporations?

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