The Real Story

Should tax havens help pay for coronavirus?


Listen Later

While the coronavirus pandemic is raging around the world, discussions over rebuilding the global economy are already underway. Globally, the recovery will cost trillions of dollars. Governments and finance ministries are working around the clock to design financial packages at a time when income from tax has hit rock bottom. There's concern that many governments will have to raise taxes to cope with the shortfall in revenue. But what if they could tap a different source of funding? According to the Tax Justice Network, there are trillions of dollars' worth of cash and other assets tucked away in offshore tax havens belonging to both private individuals and large corporations. Some people are now saying that with the coronavirus crisis, governments can no longer afford to go without the vast amount of tax revenue they lose each year. So, could a small tax on that money fund the global recovery? What challenges need to be overcome to bring together governments and multiple jurisdictions to agree on a framework? Will it be possible to sift through layers of obfuscation to establish the exact amount of money that is held in tax havens – and how will diminishing their prominence change the world? Join Ritula Shah and guests as they discuss whether tax havens should help pay for the pandemic recovery.

...more
View all episodesView all episodes
Download on the App Store

The Real StoryBy BBC World Service

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

273 ratings


More shows like The Real Story

View all
Global News Podcast by BBC World Service

Global News Podcast

7,721 Listeners

Business Daily by BBC World Service

Business Daily

533 Listeners

Newshour by BBC World Service

Newshour

1,038 Listeners

World Business Report by BBC World Service

World Business Report

284 Listeners

In Our Time by BBC Radio 4

In Our Time

5,545 Listeners

The Documentary Podcast by BBC World Service

The Documentary Podcast

1,815 Listeners

6 Minute English by BBC Radio

6 Minute English

1,827 Listeners

Learning English Conversations by BBC Radio

Learning English Conversations

1,060 Listeners

The Infinite Monkey Cage by BBC Radio 4

The Infinite Monkey Cage

1,999 Listeners

The Interview by BBC World Service

The Interview

364 Listeners

F1: Chequered Flag by BBC Radio 5 Live

F1: Chequered Flag

771 Listeners

Learning English Vocabulary by BBC Radio

Learning English Vocabulary

523 Listeners

Learning English Stories by BBC Radio

Learning English Stories

398 Listeners

The Conversation by BBC World Service

The Conversation

71 Listeners

Discovery by BBC World Service

Discovery

954 Listeners

The Inquiry by BBC World Service

The Inquiry

739 Listeners

Big Boss Interview by BBC News

Big Boss Interview

53 Listeners

Learning English from the News by BBC Radio

Learning English from the News

266 Listeners

You're Dead to Me by BBC Radio 4

You're Dead to Me

3,166 Listeners

Americast by BBC News

Americast

758 Listeners

The Global Story by BBC World Service

The Global Story

279 Listeners

The Explanation by BBC World Service

The Explanation

25 Listeners