PM Imran Khan mentioned:
We welcome the Pandora Papers exposing the ill-gotten wealth of elites, accrued via tax evasion & corruption & laundered out to monetary “havens”. The UN SG’s Panel FACTI calculated a staggering $7 trillion in stolen belongings parked in largely offshore tax havens.
My over-two a long time wrestle has been premised on the idea that nations aren’t poor however corruption causes poverty as a result of cash is diverted from being invested in our individuals. Additionally, this resource-theft causes devaluation, resulting in 1000’s of poverty-related deaths.
Similar to the East India Firm plundered the wealth of India, ruling elites of creating world are doing the identical. Sadly, the wealthy states are neither occupied with stopping this large-scale plunder nor in repatriating this looted cash.
My govt will examine all our residents talked about within the Pandora Papers & if any wrongdoing is established we are going to take applicable motion. I name on the worldwide neighborhood to deal with this grave injustice as much like the local weather change disaster.
If unchecked, inequalities between wealthy & poor states will enhance as poverty rises within the latter. This in flip will result in a flood of financial migration from the poor to the wealthy states, inflicting additional financial & social instability throughout the globe.