In June 2021 non-profit journalism outlet ProPublica leaked their analysis of a vast trove of IRS tax data has proven that some of the wealthiest Americans pay lowest taxes, in fact the leak demonstrated that the world’s richest billionaires pay effectively zero tax. But this is not strictly an America disease, or indeed anything new, as a similar dynamic plays out across the world with the worlds richest people dodging their tax obligations. This leak comes at a time of an on-going national discourse around inequality and the fairness of the U.S. tax system, and just a few weeks after finance ministers at the G7 meeting agreed on a global minimum corporate tax rate, a reform that seeks to ensure multinationals pay at least 15% in tax in each country they operate. However these people still occupy a position of standing in US society and are often just depicted as shrewd and cunning businessmen or even inspiration to the rest of society.
Why are billionaires lauded as role models and not stunned or boycotted as the criminals they are?