World Social Forum 2009: Tax justice

31 January 2009 - 6:43pm
News

This was another space where the value of the WSF as a forum was shown. The Tax Justice Network itself came out of the WSF process. In less than a decade it has gone from an idea to serious movement and has helped to put this issue on the political agenda. The movement is looking to build a viable activist network in Latin America, having already created one in both Europe and Africa.

Tax exemption is a massive problem in Latin America, and at the meeting we heard some shocking statistics which were a compelling argument for a Latin American campaign. 50% of Latin American wealth is held by rich individuals in off shore bank accounts. Only 3% of it is taxed. Mexico has just given almost total tax exemption to mining companies in response to the global crisis.

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