Over one half of the world’s stock of money is beyond the reach of public treasuries. Read that sentence again!
Multinational corporations are depriving governments of trillions of dollars of tax revenues by stashing their profits in offshore tax havens, placing the tax burden on small businesses, the middle class and the poor.
On March 4 Awareness Film Night will be screening The Price We Pay, a recently released documentary by Canadian filmmaker Harold Crooks (The Corporation, Surviving Progress) that examines the dark history and dire present-day reality of big business tax avoidance.
Juxtaposing interviews with leading economists (including Thomas Piketty), tax justice campaigners and former finance and industry insiders with outrageous footage of CEOs squirmingly trying to defend their big name multinational corporations while under questioning for tax evasion by no-nonsense British parliamentarians, this film clearly explains how tax havens work and how they affect the world’s economy and our lives.
The next time you hear a government spokesperson tell you that there is no money for much-needed services, infrastructure, project and art grants, cost and fee reductions, wage increases, resource monitoring, pollution control, etc., bear in mind that offshore tax havens by corporate and financial giants are depriving government coffers of trillions of dollars. The Price We Pay is a smart, eye-opening, incendiary movie but it does offer some solutions to this (arguably) legal but highly unfair practice. This film will not be in the Awareness Film Night library at A Sea of Bloom, as it must be returned to the filmmaker.
Showtime is at 7 p.m. at Edward Milne Community School theatre (6218 Sooke Road)
Admission is by donation.