”Revolutionary socialists warned about this for years. How the rich and the capitalists of the world, evade taxes by playing on capitalist laws to hide their fortunes. Because our laws are created by those who serve capitalism, they benefit those with a lot of money. Not only the owners of our economy hide their money; politicians, celebrities and even a none-profit group have used foreign banks to evade taxes. Revolutionary Socialist Media is not surprised by the leaks called the Panama Papers. The capitalist system works in favour of the 1%”. That was the opening of the article: ”Panama Papers, we knew” written on 11 April 2016. Back then the Panama Papers exposed to the world how capitalists evade taxes to enrich themselves, now the Pandora Papers say the same but on a much larger scale.
The capitalist media will not cover this too broadly. Because just as in 2016, nothing has been done to stop rich people from using tax heavens. The capitalist system favours them and their eternal greed. At fault here are the governments of the world, who (as capitalism) favour the 1% or ruling class as we revolutionary socialists call them. New famous names on the list include the elitist king of Jordan, the right-wing war criminal Tony Blair, ”czar” Vladimir Putin (not surprised) and Ukrainian president Volodymyr Zelensky, who claims to be harsh on corruption.
It is estimated that 32 trillion U.S dollars have been hidden from being taxed. The Paradise Papers and Panama Papers told us years ago what revolutionary socialists have been saying for decades. Capitalists hate taxes and they use corruption and tax heavens to hide their millions from being taxed in their native countries. One big capitalist family named is the ruling Aliyev family of Azerbaijan. This family is the dynasty that governs the Republic of Azerbaijan since 1993. Ilham Aliyev is the current ”monarch” who inherited the presidency from his father, who was a KGB boss during the Soviet period.
Another more official monarchist family who made sure their money was not taxed is the Royal House of Jordan. King Abdullah II has embezzled over 95 million dollars and used that money to buy luxurious villa’s in Europe. Meanwhile working class Jordanians are suffering from poverty and low wages. 35% of all youth in the Kingdom of Jordan has no work. Meanwhile the king and his elitist family are enjoying privileges and massive wealth and yet they still hide money from their own tax collectors.
”Czar” Vladimir Putin is said to hide his money in the Principality of Monaco. His circle of rich cronies is doing the same thing. Rich Russians and the top of the Kremlin bureaucracy have always hide money outside the Russian Federation. The reasons are clear, they fear a potential revolution and expropriations as we saw in 1917. Russian capitalists know that they are hated and they rather have their millions stored in tax heavens far way, in case they need to escape the current ”Russian Empire” of Vladimir Putin.
The Paradise Papers, Panama Papers and now Pandora Papers show us why capitalism must be abolished. No government regulation can stop the ruling class from hiding their money outside the reach of the tax collector. This is why we call for the expropriation of all millionaires, billionaires and members of the ruling class. People like King Abdullah II, Tony Blair, Vladimir Putin and many others do not deserve to be millionaires/billionaires. It is the system that allows them to hide money away. Since all countries are capitalist we cannot trust them to collect taxes equally.
Moscow is already denying everything as they have done in the past. The Jordanian king is also denying any fault. This is typical behaviour of elitist people who see themselves above the common worker and their families. Using tax heavens and offshore companies to enrich themselves and their own. Not just dictator and authoritarian leaders have been exposed. Western leaders like Tony Blair have also been named. The former Labour leader and war criminal used an offshore company, to hide 364.000 British pounds that he had to pay in taxes.
What is next? Nothing will change if we allow the current leaders of the world to stay in power. We cannot trust leaders like Joe Biden, Vladimir Putin or Xi Jinping. All three are imperialist and serve their own needs. Neither the United States of America, the European Union, the Russian Federation or the People’s Republic of China are going to stop the massive tax evasion by their own capitalists and leaders. We need a political and economic revolution to end the private ownership over the means of production. Those who have been exposed need to be put on trial for tax evasion and should be fined heavily.
The Pandora Papers report that there are over 95.000 offshore companies in use to dump untaxed money. These companies are then used to buy luxurious products unavailable to common workers. It is worse enough that there are millionaires and billionaires, when billions of workers are living in poverty due to low incomes. The capitalist system need to be abolished and replaced by democratic socialism under control of working class people. For that to happen we need to organize and build up working class political parties that dare to be revolutionary socialist and anti-capitalist.
Revolutionary socialists demand:
- Take the wealth off the super-rich
- Reverse the cuts to HM Revenue and Customs. Close tax loopholes and enforce collection of avoided taxes. Increase taxes on the super-rich and big business
- Nationalize the banks and the major corporations under democratic workers’ control and management – with compensation only on the basis of proven need
- Through public ownership of the commanding heights of the economy, democratic socialist planning of industry and services can be introduced to meet the needs of the majority. You can’t control what you don’t own: only socialist nationalization can end the great tax robbery!