As we all know, public services are a main source of equality among any population. Unfortunately, these are under threat due to the increasing number of multinational companies that pay their taxes on offshore accounts in order to pay fewer amounts, therefore reducing their contributions on the States where they operate. The ultra-rich at very top, the 0,01%, keep increasing their profits and personal wealth – plus they barely face repercussions from cheating out of it, while millions of citizens of much less income do their duty.
Evidently, I do recognize the importance of business in producing wealth, generating jobs and contributing to welfare. Unfortunately, the latter is at risk while we do not address tax havens – every country has the right to choose the form of taxation it wants, but we must not comply with manoeuvers that allow multinational companies and the ultra-rich to avoid paying taxes where they make profit. This trend is worrisome because it leads to less revenue for the welfare state, which has been compensated with higher taxes on lower-income households, thus increasing inequality. We, socialists, need to defend the public service from tax avoidance and ensure equal rules for all and a fair contribution from everyone.