Bernie Sanders Predicted The Panama Tax Haven Scandal Five Years Ago, But No One Would Listen

Bernie Sanders Predicted The Panama Tax Haven Scandal Five Years Ago, But No One Would Listen

“Panama’s entire annual economic output is only $26.7 billion a year, or about two-tenths of one percent of the U.S. economy. No-one can legitimately make the claim that approving this free trade agreement will significantly increase American jobs.

“Then, why would we be considering a stand-alone free trade agreement with this country?

“Well, it turns out that Panama is a world leader when it comes to allowing wealthy Americans and large corporations to evade U.S. taxes by stashing their cash in off-shore tax havens. And, the Panama Free Trade Agreement would make this bad situation much worse.”

via inquisitr Bernie Sanders Predicted The Panama Tax Haven Scandal Five Years Ago, But No One Would Listen