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‘Paradise Papers’ tell us much about stakes in current tax-reform debate

As someone who has been working on ending tax haven abuse for years, there’s not much surprising that we see in the massive “Paradise Papers leak,’’ 13.4 million documents about the tax dodging of the wealthiest people and companies.

But it does reinforce a couple things about our current tax debate. For starters, we have a credibility problem. Those who are tasked with cracking down on offshore tax dodging, these leaks reveal, have been working closely with many who profited extensively from them.

We, the public, who would be debt financing this proposed tax-reform plan to the tune of $1.5 trillion, deserve more time and input into just what this bill does and doesn’t do about offshore tax dodging. Congress should not rush through the process for that debate.

Then we need to remove all the incentives that reward companies for hiding money in complicated offshore schemes, and my reading on this bill is that it increases incentives to offshore. Let’s hope the Senate can address these concerns.

Nathan Proctor

State director

Massachusetts Fair Share

Boston