The Biggest Wastes of Money in 2017

TAX EVASION BY THE RICH AND POWERFUL

Money wasted: billions

Some of the world’s most powerful figures — many closely-tied to heads of state like Justin Trudeau, Donald Trump, Vladimir Putin and Queen Elizabeth — were revealed to be hiding their fortunes in tax havens around the world with the leak of 13.4 million files, called the Paradise Papers. The offshore schemes that cost billions in tax evasion also implicate multinational corporations like Nike and Apple.

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