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

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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