A new report discredits the concept of trickle-down economics, a theory that holds that if ultra-wealthy individuals receive tax breaks and other incentives, they will drive economic growth and promote prosperity for all. Instead of spreading the wealth, the global rich tend to sock their money away in off-shore tax havens, the study suggests.The report, titled The Price of Offshore Revisited, was prepared by a non-profit watchdog group, the Tax...

Please login or subscribe to read more

Leave a review

Social

Follow us on social networks

In Focus