One percent of the world's population own half of the world's wealth. Meanwhile, the poorest people on earth, who constitute two thirds of the world's population, own just 3% of the world's wealth. This is clearly nuts. This hasn't happened overnight. The global disparity between incomes has been spiralling out of control over the last few decades.
Those of us who campaign for the powerful to pay their taxes are delighted with the cross-party MPs' report because it sets out the shocking facts on tax and poverty with admirable clarity. It also calls on the Government to stop making excuses and get on with helping poor countries collect the taxes they're owed.