Friends of the Earth International calculates that government revenue lost to tax havens over a 15 year period could power Africa, Latin America and much of Asia with 100% renewable energy. Globally every year up to $600 billion dollars of government revenue is lost through tax avoidance through havens, to say nothing of tax evasion. Put another way, government revenue lost through tax havens could power half the world with 100% renewable energy by 2030. This would bring renewable energy to millions, while protecting the environment from dirty fossil fuels and the climate change they cause.
FoE International 2nd Sept 2016 read more »