Jim Yong Kim and Christine Lagarde say revelations from Panama Papers contain a ‘tremendously negative effect’ on global fight to end povertyThe leaders of the World Bank and the International Monetary Fund (IMF) contain warned that the industrial scale of international tax avoidance revealed by the Panama Papers represents a “mighty concern” for the global economy and is having a tremendously negative effect on our mission to end poverty”.
Jim Yong Kim,the president of the World Bank, said the revelations that many of the world’s richest and most powerful people are avoiding paying millions in taxes by hiding money from the taxman in offshore havens is a “mighty, and mighty concern” and “very,very damaging” to the bank’s “mission to end extreme poverty”. Continue reading...
Source: theguardian.com