Blog the Debt

President Obama Works to Stop Vulture Funds

We still wait for a Federal Court ruling on Argentina versus the vulture funds, a legal outcome that will significantly impact global poverty in our lifetimes. As we wait, we are grateful for the leadership of President Obama, the US Treasury and the Justice Department for working to protect our economy from these destabilizing forces and for standing up to hedge funds that exploit the poor.

Road to Riches: Tracking the Journey of the Global Superwealthy Infographic

Learn about the current wealth inequality in this infographic:

Image compliments of Best Value Schools 

Real Life Thriller: How the Son of a Dictator Launders Millions

By: Amber Przybysz

How does the son of an autocratic president earning less than $7,000 a month[i] afford Michael Jackson memorabilia, a Malibu home, a private jet and a 2011 Ferrari?[ii]  The answer: anonymous shell companies. Lax money laundering laws in the U.S. have allowed corrupt dictators and their families to hide assets - assets that do not rightfully belong to them.

Jubilee Meets with Senator Levin

By: Rickard Ekstedt

On April 30, Jubilee USA, along with partner organizations of the FACT Coalition, met with US Senator Carl Levin (D-MI).  Jubilee has worked and continues to work closely with Senator Levin on legislation to curb tax havens and close corporate tax loopholes.

The Stop Tax Haven Abuse Act: Critical to Helping Global Poor

By: Rickard Ekstedt

On April 15, Representative Lloyd Doggett introduced the Stop Tax Haven Abuse Act. The legislation will close offshore tax loopholes and require country-by-country reporting of offshore corporate tax payments. This reporting is critical to curbing illicit financial flows, a systemic cause of poverty.