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300 Economists Urge Leaders to Reject Tax Havens

Hundreds of economists urged world leaders Monday to end the era of tax havens, arguing they only benefit rich individuals and multinational corporations and serve to increase inequality. The 300 economists, in a letter coordinated by activist group Oxfam, say poorer countries are hit hardest by tax dodging. The signatories, including Jeffrey Sachs of Columbia University's Earth Institute and author Thomas Piketty, argue there is no economic justification for tax havens and urge...

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