Thanks to the so-called Paradise Papers, a trove of millions of documents analyzed by the International Consortium of Investigative Journalists (ICIJ) and its collaborating news outlets, we now have a better understanding of how the largest corporations and wealthiest people in the world avoid paying their taxes and hide ownership of assets. Needless to say, these billionaires are all strong supporters of our military, our veterans, our infrastructure, our schools and other government services. They would just prefer that you pay for those activities, not them. According to the ICIJ’s investigative reporting, the Americans listed as having offshore accounts in the Paradise Papers, (which have not been independently reviewed by CNN), are a who’s who of billionaires, some of whom are the very same officials who have led the effort to promote the Republican tax plan, which would provide even more tax-avoiding opportunities to the very rich. Even before these revelations, we knew that tax dodging by the wealthy and large corporations, not just in the US but globally, was taking place on a massive scale. In 2012, the Tax Justice Network, a British advocacy group, estimated that at least $21 trillion was stashed in offshore tax havens around the world. In other words, while governments enact austerity budgets, which lower the standard of living of working people, the super-rich avoid their taxes.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "Thanks to the so-called Paradise Papers, a trove of millions of documents analyzed by the International Consortium of Investigative Journalists (ICIJ) and its collaborating news outlets, we now have a better understanding of how the largest corporations and wealthiest people in the world avoid paying their taxes and hide ownership of assets. Needless to say, these billionaires are all strong supporters of our military, our veterans, our infrastructure, our schools and other government services. They would just prefer that you pay for those activities, not them. According to the ICIJ’s investigative reporting, the Americans listed as having offshore accounts in the Paradise Papers, (which have not been independently reviewed by CNN), are a who’s who of billionaires, some of whom are the very same officials who have led the effort to promote the Republican tax plan, which would provide even more tax-avoiding opportunities to the very rich. Even before these revelations, we knew that tax dodging by the wealthy and large corporations, not just in the US but globally, was taking place on a massive scale. In 2012, the Tax Justice Network, a British advocacy group, estimated that at least $21 trillion was stashed in offshore tax havens around the world. In other words, while governments enact austerity budgets, which lower the standard of living of working people, the super-rich avoid their taxes." in the context of "" to mean that wisdom is timeless.