Why do billionaires like Jeff Bezos pay less tax than you?
The wealth of the world’s billionaires grew at roughly $5.7 billion (€5.5 billion) per day last year, according to Oxfam’s annual report on the financial affairs of the richest people on earth.
Meanwhile, the number of people living in poverty has barely changed since 1990, according to the World Bank.
Oxfam’s latest research reveals the number of Irish billionaires has risen from nine to 11 in the past year, and that their combined wealth has increased by more than a third to just over €50 billion.
Oxfam is using the report, issued to coincide with the annual Davos gathering of the super…
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