Le dernier Rapport d’Oxfam décrit pire que les Panama Papers
But what is new in this report is the aspect of lobbying, and the implications that can be drawn from these corporation’s relationships with politicians.
The total lobbying amount detailed in the report is around $2.6bn – or, as Oxfam themselves explained it: “For every $1 spent on lobbying, these 50 companies collectively received $130 in tax breaks and more than $4,000 in federal loans, loan guarantees and bailouts”.
A case in point would be Morgan Stanley. Named the 21st most powerful company in the world in a 2011 study by the Swiss Federal Institute of Technology, they (according to Oxfam) have held over $7bn offshore, received more than $2tn in state handouts – all while paying an effective domestic tax rate of 7.9 per cent.
When you compare these figures to the (relatively) paltry $23m they spent on lobbying, it would mean that for every $1 dollar they spent pushing the US Government on laws and regulations important to them, they got back an eye watering $92,000. Money extremely well spent, you could say. Neither is their lobbying particularly discreet, as paying $225k to Hillary Clinton for just one speech could be seen as questionable - when she had just stepped down as Secretary of State after pushing through free trade agreements which were touted as being platforms for easier tax avoidance and offshore accounting.