Key to Uplifting Peoples' Welfare in Asia: Ending Financial Secrecy and Taxing Offshore Wealth!
Curbing illicit financial flows and tax avoidance is particularly urgent in Asia, where peoples continue to suffer from budget cuts in essential social services even as they experience multiple crises. Making the rich pay their share is also particularly challenging in the region, as business interests are closely tied up with the interests of those in the government.
If summits of the super-rich like the OECD and the WEF provide any indication, tax transparency and accountability efforts are facing an uphill battle ahead. But the long history of peoples' struggles for justice and democratic movements in Asia are testament to the rich resources of hope that lie in our midst.