In response to the recent leak of 13.4 million files from two offshore service providers earlier this week, which documents how the world’s wealthiest individuals and corporations avoid paying taxes on their fortunes, Sen. Bernie Sanders, I-Vt., warned  that the world is quickly becoming an “international oligarchy.”
“The major issue of our time is the rapid movement toward international oligarchy in which a handful of billionaires own and control a significant part of the global economy,” Sanders said in a statement to The Guardian, one of the major newspapers reporting on the so-called Paradise Papers. “The Paradise Papers shows how these billionaires and multinational corporations get richer by hiding their wealth and profits and avoid paying their fair share of taxes.”
A who’s who of prominent and wealthy individuals have been implicated in the Paradise Papers, the bulk of which come from the offshore law firm Appleby. This includes right-wing hedge fund billionaire Robert Mercer , rock …
READ MORE ON SALON.COM