Cut, cut, cut! ‘Read my lips – no more taxes!’ For the better part of a generation, political mantras about tax have been deliberately misleading. ‘Small’ government and ‘lower’ taxes have not cut the tax bill or government budgets. A tax ‘consensus’ has been quietly engineered by the IMF and imposed worldwide, regardless of democratic preference or absolute human needs. As globalization goes mental and public funds prop up the world’s banks, this month New Internationalist uncovers the global tax scandal - and suggests where justice might lie.
October 2008, Issue 416