Making tax fair is one of the key solutions if we want to tackle the growing problem of inequality. Data from 40 countries shows the potential of well-designed, redistributive taxation and corresponding investment by governments to reduce income inequality driven by market conditions. Finland and Austria, for instance, have halved income inequality thanks to progressive and effective taxation accompanied by wise social spending. Unfortunately, at present, almost all countries suffer from increasingly large scale tax dodging schemes used by big multinationals and wealthy individuals. This deprives all governments of much needed resources to finance essential services, but especially affects developing countries. The European Union has been at the forefront of the fight against tax dodging over the past five years…Recent corporate tax dodging scandals have unequivocally reminded us that despite some progress, plenty remains to be done if we truly want ‘banking secrecy to be over’, ‘the end of tax havens’ and a definitive end to tax evasion and avoidance.”…[Refers to ABF, Glencore, PricewaterhouseCoopers]