Search This Blog

Friday, 13 May 2016

Donald Trump supporters are not the bigots the left likes to demonise

John Harris in The Guardian

Last Tuesday, at about 3pm, I parked my rental car outside a polling station in the suburbs of Indianapolis, and began to talk to the droves of people going in and out. There was only one subject I really wanted to hear about:Donald Trump, and his jaw-dropping progress to being the presumptive Republican nominee.

As he said himself, a win in the state of Indiana would seal the deal, and so it proved: he got 53% of the vote, which triggered the exit of his two supposed rivals. Meanwhile, the global liberal left seemed to be once again working itself into a lather, which was easily translatable: how awful that a man routinely described using all the boo-words progressives can muster – misogynist, racist, fascist, xenophobe, or “xenophobic fascist”, as George Clooney understatedly put it – could now be a resident of the political mainstream, and a serious contender for president.

Though calling him a fascist surely demeans the victims of the real thing, Trump has some extremely grim views, and the idea of him in the White House has an obviously terrifying quality. But for those who loathe him, a problem comes when the nastier elements of his rhetoric are conflated with the supposed instincts of millions of his supporters, and familiar stereotypes come into play. “Not all Donald Trump supporters are racists, but most racists are Donald Trump supporters,” says the liberal online outlet Salon. “The unusual geographic pattern of Trumpism … corresponds to the geography of white racial resentment in the United States,” offers a contributor to the political website Vox. “They vote for him because he is a racist bigot,” reckoned one eloquent tweeter I briefly corresponded with.




George Clooney: 'There’s not going to be a President Donald Trump'


Caricatures of rednecks and white trash are obviously in the foreground here. Worse still, such judgments are often arrived at through polling data, guesswork, and a large measure of metropolitan prejudice: in keeping with one of the most baffling failings of political journalism across the globe, too few people think of speaking to the voters themselves.

So to Indiana, where, with my Guardian colleague John Domokos, I spent the best part of five days following the Trump campaign. No one mentioned his assuredly unpleasant ideas about excluding Muslims from the US, nor his absurd proposal to build a wall between America and Mexico, at the latter country’s expense. Indeed, when I saw Trump speak at a rally in the Indiana town of Evansville, he made no reference to what he has said about Muslims, and dealt with the fabled wall in a matter of seconds.

Instead, he talked at length about two of his pet themes. First, he banged on about the free trade deals that he says have blitzed US industry as companies have moved abroad, luxuriated in newly low labour costs, and imported their wares back into the country. Second, he fed that specific story into a general sense of national decline.



‘Clinton’s enemies malign her as someone who enthusiastically supported the trade deal to end all trade deals: Nafta, in 1994, which the Carrier workers put at the centre of their predicament.’ Photograph: Mark Wilson/Getty

All of this is very real. From the dreadful state of the roads to the palpable sense of communities reeling from the military adventures that began in 2001, time spent in the US quickly reveals a country that collectively feels it has taken no end of wrong turns, and must somehow sort itself out. It is one of the more overlooked stories of the 2016 election that Trump’s views about this malaise intersect with the insurgent campaign still being waged by that great left hope, Bernie Sanders. There are, in other words, two anti-establishment figures doing their thing on either side of the political divide, with great success.




Trump calls DC Republicans to heel



But in the case of Trump, his positioning fuses with his hyperactive, barnstorming TV persona, and creates something with particularly populist appeal. The presentation is pure political vaudeville, used in the service of anti-politics: rambling (and often very funny) oratory, cartoon political incorrectness, self-obsession so extreme that it comes out looking endearingly self-parodic. But at the core are oomphy words about something built into his audiences’ daily reality: stores full of goods made overseas, and jobs that feel increasingly under threat.

His proposed solution, his detractors say, is probably beyond the reach of a president, and in the short term would presumably hit his supporters’ wallets like a hammer, but it’s simple enough: if any company dares move overseas, he’ll whack their goods with such high tariffs that they’ll soon come running back.

At the polling station, all of the above was reflected in the reasons people gave for supporting him. Just to make this clear: obviously, there are voters with bigoted opinions who think he’s their man. But equally, almost none of the Trumpites I met seemed to be the gun-toting zealots of liberal demonology: they explained voting for him in very matter-of-fact terms, usually with explicit criticism of the current political class. “Jobs, outsourcing, bringing jobs back to our country,” offered one of his supporters. “We’re getting aluminium from China – we don’t need aluminium from China. Hell, we make it right here,” said another. There was also much more nuance than you might expect. “I hate the way he talks about women, but I love the way he handles things,” one woman told me.

Indiana has one particular case study Trump talks about. In Indianapolis, a company called Carrier recently announced the imminent closure of an air-conditioning factory, with the loss of 1,400 jobs. Its operations will be shifted to Mexico. In Indianapolis, average wages are over $20 an hour, but once the move over the border is complete, pay will be more like $3. Talking to workers, it seemed that they were split down the middle, with some – like the local branch of their union, the United Steelworkers – supporting Sanders, while others favoured Trump.

Again, the latter option was often framed in terms of difficult choices, and some degree of hesitancy. A Carrier employee called Brad Stepp described his fear of the future, and why Trump represents “the lesser of three evils”. He was well aware of the absurdities of a high-living billionaire claiming to have the back of American workers, not least in the context of Trump’s recent(ish) claim that people in the US are paid too much. But he had made his choice. “We need somebody that’s tough,” he said. “If he can’t stop Carrier going, maybe he can stop other companies doing the same thing.” In the midst of all this, one character sits in a very uneasy position. Unsettled by their popularity, Hillary Clinton has been trying to echo some of Trump’s and Sanders’ pronouncements on trade and jobs. “I won’t support any agreement unless it helps create good jobs and higher wages for American workers,” she says, offering to be the president for “the struggling, the striving and the successful”. Her enemies, by contrast, malign her as someone who enthusiastically supported the trade deal to end all trade deals: the North American Free Trade Agreement of 1994, which the Carrier workers put at the centre of their predicament. In fact, politics being politics, the details of her record matter less than broad-brush appearances. And here, the story for her adversaries is a cinch. The establishment has failed; she is a card-carrying member of that establishment; ergo, she has failed too.

Herein lies a vulnerability that should chill the liberal left to the bone. Five days after I got back from Indiana, polls suggested that the presumed contest between Clinton and Trump will be much closer than some people imagine. For those who yell at him and his supporters from the sidelines, that news ought to give pause for thought: before it’s too late, maybe it’s time to stop hysterically moralising and instead try to understand not just how mainstream US politics has so awfully failed, but how it might somehow be rescued.

Thursday, 12 May 2016

Receptionist 'sent home from work without pay for refusing to wear high heels'

Siobhan Fenton in The Independent

A woman has been sent home from work for refusing to wear high heels, it has been reported.

Temp worker Nicola Thorp says she arrived for her first day in a new role at the London offices of accountancy firm PwC wearing flat shoes. She says she was told to change into high heels with a height of 2 to 4 inches.

Ms Thorp claims she was laughed at when she challenged the policy and sent home without pay when she refused to wear heels.

Ms Thorp told The BBC that she was shocked when she arrived at work for her first day and was told about the policy: “I said ‘If you can give me a reason as to why wearing flats would impair me to do my job today, then fair enough’, but they couldn’t. I was expected to do a nine-hour shift on my feet escorting clients to meeting rooms. I said ‘I just won’t be able to do that in heels’.”

She says she asked whether men were also expected to wear high heels and was laughed at for raising the objection. She said: “I was a bit scared about speaking up about it in case there was backlash. But I realised I needed to put a voice to this as it is a much bigger issue. Aside from the debilitating factor, it’s a sexism issue. I think companies shouldn’t be forcing that on their female employees.”

Ms Thorp has launched a petition calling for the law to be changed to stop employers from being able to insist that a woman wear high heels as part of their work. It has amassed more than 20,000 signatures of support.

PwC have stated that the dress code is not their policy but that of a third party recruitment firm Portico which they use to employ staff. A spokesperson told The BBC: “PwC outsources its front of house and reception services to a third party supplier. We first became aware of this matter on 10 May, some five months after the issue arose. The dress code is not a PwC policy.”

A Portico spokesperson said: “In line with industry standard practice, we have personal appearance guidelines across many of our corporate locations. These policies ensure staff are dressed consistently and include recommendations for appropriate style of footwear for the role. We have taken on board the comments regarding footwear and will be reviewing our guidelines in consultation with our clients and team members.”

Emma Watson campaigned on one social issue - she's not a hypocrite if she has offshore accounts

Because she is outspoken on one social issue, we expect Watson to be a model activist in every other political arena, a whiter-than-white every woman who stands up for us us all. That’s a standard that’s impossible for anyone to live up to.

Hannah Fearn in The Independent





Emma Watson, eh? Who would have thought it? All that moralising on the world stage, standing up for the rights of women, speaking out about the devastating economic and social effects of gender inequality. And it turns out that she’s been part of the global elite all along, a one percenter happily squirrelling away her millions in an offshore tax haven in the British Virgin Isles.

Of course, her people explain that the arrangements are purely to protect her privacy. But blow me down with a feather. What will the supporters of the HeForShe campaign make of it?

The answer to that should be: absolutely nothing. The fact that a woman who has a public position on one matter – gender equality– bears no relation to the fact that she has later found herself entangled in an another altogether different political question of tax evasion. But that hasn’t stopped her critics.

When the news that Watson, reportedly worth $70m, had used a company registered offshore to purchase a home, out came the angry rants. “I thought you're the most honest actress in the world! Wrong,” posted one fan – perhaps a former fan – on Twitter. “After being named in the Panama Paper scandal do you think you should be demanding a statue of anything?” another oddly added, referring to her campaigning for Sadiq Khan, the new Mayor of London, to erect a statue of a figure from the Suffragettes in Parliament Square.

Then came the snarky puns: Harry Potter and the Deathly Havens; Harry Potter and the Prisoner of Taxaban; Harry Potter and the Half-blood Principal Investor. There’s a lot more where that came from.

The aforementioned spokesperson for Watson claimed that the actor had not used an offshore haven to avoid tax or any of her other financial responsibilities as a British citizen, but instead to protect her privacy, given her celebrity status. Reassuring for her disappointed fans perhaps, but it makes no material difference whatsoever.

Even if the young film star had deliberately hidden her assets away in an attempt to legally avoid tax, she is no hypocrite and she does not deserve to be treated like one. You may morally object to tax havens, but there’s no reason to be any more angered by Watson’s financial affairs than those of the Cameron family, Sarah Ferguson, Michel Platini, Simon Cowell or Heather Mills.

What is driving the disproportionate reaction to Watson’s British Virgin Islands connection is a bizarre sense that our public figures represent whatever we think they ought to, rather than what they want to, and what they actually do. Because she is outspoken on one social issue, we expect Watson to be a model activist in every other political arena, a whiter-than-white every woman who stands up for us us all. That’s a standard that’s impossible for anyone to live up to.

It’s a sentiment we see echoed when gay and ethnic minority figures, or even bohemians such as the artist Tracy Emin, express their support for the Conservatives. Surely they should be on the political left, where they ‘ought’ to belong?

The Black Lives Matter movement in the US has prompted similarly pointless soul-searching. Why have rap stars such as Drake and Jay Z – leading black figures in US popular culture – remained so quiet on the matter in their music? Writing in The Atlantic, the journalist Jeff Baird expressed concern that figures such as these were selling music that didn’t reflect the often difficult experience of being black in America and instead concerned itself with feelgood lyrics (“as if their success should be regarded as proof that the American Dream is in fact alive and well”) and great pop tunes instead. Well, why shouldn’t they? It’s their stock-in-trade.



READ MORE
Emma Watson's most influential quotes about feminism and sexuality

What we struggle to cope with is the idea of pop stars, actors or other national figures behaving in ways other than what we might expect from their PR-designed public persona. It’s a position that doesn’t stand up to scrutiny. Each and every one of us has friends or relatives who are passionate about one social issue but ambivalent about another. The environmental activist who is aiming to produce zero waste may have no view whatsoever on the closure of domestic violence services for women; the Hillsborough campaigner who spent 27 years fighting for justice for the 96 may have never thought twice about cuts to disability benefit for those unable to work. So what? The latter does not take away from the significance of their efforts on the former.

Emma Watson is a wealthy young actor who has used her not inconsiderable global influence to start an important conversation about the position of women in the world. For that, she is rightly celebrated. She is not, and has never been, a tax justice campaigner.
I don’t like the idea of any wealthy individual finding ways around paying their due – and there is no suggestion that this is what Watson has done. But the idea that her efforts on behalf of all women have been undermined by the furore sparked by the latest Panama Papers revelations is dismissive and naïve in the extreme.

Tuesday, 10 May 2016

Corruption can no longer be dismissed as a developing world problem

Aditya Chakrabortty in The Guardian


A London summit must recognise, as the Panama Papers show, that these crimes are facilitated by the west

 
Illustration by Matt Kenyon.


By Thursday morning all the A-listers will have arrived. From Washington will fly in a succession of jets, bearing US secretary of state John Kerry as well as the bosses of the IMF and World Bank. Fifa and Uefa will send over their top bureaucrats. Captains of business will trail retinues of lobbyists.

All will join David Cameron and leaders from around 40 nations at an opulent London townhouse overlooking St James’s Park. Gathered there, in the slow-beating heart of Downton-ian Britain, they will launch into an almighty battle – over the meaning of a single word.

Not just any old word, mind you. It ranks among the most important terms for describing our broken-backed global capitalism. Indeed, it forms the very title of the day-long summit: corruption.

Explaining why he’s called the world’s first assembly on corruption, Cameron has said: “It destroys jobs … traps the poorest in desperate poverty, and undermines our security by pushing people towards extremist groups.” Absolutely right. What’s wrong is his definition of the term.

For Cameron, corruption equals bribery. It means greasing the palm of a bored official just to get through customs, tipping a hundred to a thuggish traffic cop so you can drive on. Or, at the luxury end of the market, a despot such as Nigeria’s General Sani Abacha, stealing billions from his home country and hiding the haul in foreign banks.

In other words, it’s something largely done by people in poor countries. As sardonic critics of this argument say, “Corruption has a black face.” That’s why the prime minister believes Thursday should be mainly about cracking down on states that take aid even while being blighted with bent officials, and tackling graft in sport.

And it is the argument of a hypocrite. Hypocrisy is the fervent agreement that bad things do happen – but Other People do them, never you or your country. On this reading, thievery is corruption. But receiving the same black money, laundering it and directing it back out to a tame tax haven or two – well, that’s just competition, isn’t it?

Time was when Britain, Europe and the US could get away with making this argument. The wealthiest countries in the world could with one hand wag a stern finger at the poorest nations, while with the other hand collecting their loot, and pushing it through their financial centres.

They could point to the surveys circulated by Transparency International in which perceptions of national corruption as reported by business leaders and “country experts” were totted up. Those publications proved, year after year, that the poorer the country, the more failed the state, the more corrupt the society. They also stated that the world’s “cleanest” countries included Switzerland, Singapore, the UK and the US.




David Cameron under pressure to end tax haven secrecy



All those breezy, boomtime justifications became exponentially harder to make after the 2008 crash. The era of austerity has left even rich governments scrabbling for tax revenues to fund their hospitals and schools. More importantly, it has prompted cash-strapped voters – from a Trump supporter in Indiana to a Corbynista in Kentish Town – to ask exactly who has been making how much money at their expense.

That brings us back to this week’s summit – because it’s here that developing nations such as Nigeria will join campaigning groups to make the argument that modern corruption now has a white face. They will argue that the onus is on Britain and other rich countries to crack down on the tax havens in their own backyards.
And they are right. Corruption of the sort that we normally discuss should be stamped out. It makes the lives of billions of the world’s poorest people harder and more insecure.

But it is peanuts compared to the much bigger sums that are raked in by the lawyers, accountants and other silky advisers who base themselves in the City of London and use Britain’s network of crown dependencies and overseas territories in Jersey, Guernsey, the Caymans and the British Virgin Islands.

Until the UK stops encouraging, advising and facilitating guilty men and women looking to stow their shady cash offshore, corruption will continue to flourish.

Modern corruption is a suit in a Panamanian office, who takes that general’s billions and sends it on to a private bank account, no impertinent questions asked along the way. It is the Mayfair estate agent who sells that multimillion-pound townhouse to an oligarch. It is that accountancy firm in the City that fills out the paperwork structuring the rich man’s affairs so that the money goes through one of their far-flung branch offices to wind up in a trust in the tax-free zones of the Caymans or the British Virgin Islands.

As yesterday’s letter from 350 top economists points out, there is no economic justification for these tax havens. They do not serve primarily to keep taxes in other countries down, but to allow very rich people to duck out of their obligations to the societies they live in. They shelter dirty cash from dictators, and siphon money out of developed countries. 

Like Gordon Brown before him, Cameron claims that Britain’s offshore havens are autonomous. They do not need to accept London’s tax laws – indeed, it is unclear whether they will turn up on Thursday. Yet the havens depend on London.

Take the Caymans, which, as Nicholas Shaxson notes in his book Treasure Islands, are effectively run by a governor appointed by the Queen, on the advice of Whitehall. The governor is responsible for “defence, internal security and foreign relations; he appoints the police commissioner, the complaints commissioner, auditor general, the attorney general, the judiciary and a number of other senior public officials. The final appeal court is the Privy Council in London.” And the national anthem is God Save the Queen.

Last week I met a tax lawyer in London who mused on how little Britain actually benefited from its spider’s web of tax havens. “A few people in the City of London make huge fees – I’d love to see how much that money benefits the rest of the country.”

But weren’t we powerless to stop Jersey and the rest? The lawyer went through the precedents. Britain, he pointed out, had repeatedly imposed its law on its overseas governments. In 2000, London forced the Caribbean territories to decriminalise homosexual acts by Order in Council. He thought the same thing could be done to force the offshore havens publicly to disclose who were the ultimate “beneficial” owners of the trust funds.
How long would that take? “Oh, two sides of A4. It could be done by the next morning. All it takes is the will.”

Dealing with parents' mortality

Rohit Brijnath in The Straits Times

My father, 81, and I talk occasionally about his death. At breakfast he, not an ailing man, can turn into a prophet of doom amidst spoonfuls of cereal. "I have two years left," he will pronounce, to which I reply that his predictions are unreliable since he has been saying this for the past six years. My mother, 83, laughs and he smiles. We are all, impossibly, trying to meet death with some humour and grace.

I am sounding braver than I actually feel for the inevitability of a parent's death is like a shadow that walks quietly with most of us. A 40-year-old woman I met recently revealed that when her parents are asleep, she stands over their beds in the dark, waiting for a tiny movement, a proof of life. Mortality is life's most towering lesson, not to be feared but gradually understood.

My parents' eventual death is hardly a preoccupation for me but for those of us who live on foreign shores, it's always there, lingering on the outskirts of our daily lives. It is hard to explain the two-second terror of the surprise phone call from our homes far away. I answer with a question that is always tense and terse: "Everything OK?" My father replies: "Of course, beta (son)."

Death will come, and somehow, it will always be imperfect. In old Bollywood films, parents made long, weepy speeches about family and love and then their heads fell dramatically to the side. Reality is never so scripted. The devilry of distance - I live two flights from my parents - means that it is unlikely we will be home in time. We do not want our parents to linger and yet the heart attack's unpredictable finality leaves no time for farewell. We are presuming, of course, that there is such a thing as a graceful goodbye. Perhaps it is in how we live with them that is more vital.

I talk occasionally to my parents about death, not because I am morbid but because I am inquisitive about mortality and because I do not want them to be scared or alone. Yet I find it is they who reassure me.

They return from frequent funerals, friends gone and family lost, and speak with voice softer but spirit intact. My father retreats deeper into his sofa and philosophy and tells me: "The whole, wonderful, joyful, exhilarating business of evolution would not exist if we were immortal." There can rarely be an equanimity about death - we all fear pain and indignity on the way there and we all feel loss - but sometimes we might strive for an acceptance that all things must finish.
Few other struggles are as impartial as ageing and illness, and the mortality of a parent. Every friend I spoke to carried a separate apprehension. A banker told me she is unafraid and yet had already asked close friends to attend her parents' funerals. Emotionally and practically, she knows she will need support. An executive, her parents still together after 61 years, sinks as she considers one parent left behind, like an old, steadied ship whose moorings have been cruelly cut. A flinty investigative journalist, bound to her mother who is her only parent alive, wonders about her sanity once left alone.

We feel hesitant often to raise some subjects with our parents as if they are too impertinent or inconvenient and yet practicality has a place. Was a will written, a DNR (Do Not Resuscitate) ordered, all these seemingly minor matters which leave shaken families divided in emergency rooms. Do we know what our parents wish and how they want to go?

Clarity is the great courtesy that my friend Sharda's mother offered her: no life support, no unnecessary surgery. Another pal, Samar, has a paper packet at home given to him a while ago by his parents and only recently did he find the nerve to peek in. No religious rituals, his parents wrote; our bodies to be donated for medical purposes, they noted.

I found nothing grim in this but saw it instead as a gentle gift to their son by giving him answers to questions he cannot bear to ask. There was also in the giving of their bodies to science a beautiful, moral clarity. In their 80s, they had understood that in death, they might be able to do what so few of us can do while living: save a life.

Samar sees his parents every day and I call India every second day. In my wrestle with the eventual truth of a parent-less planet, I have learnt five things. The first is contact. To hear, see, touch. To talk and to learn. My father recently mentioned in conversation about the composers Johann Strauss Senior and Junior. I didn't tell him I thought there was only one. So thanks, dad.

Second, to speak your mind, to leave nothing unsaid, for in the sharing of love a relationship comes alive. Not everyone can find the words but regret is an incurable ache.

Third, mine them for stories, of where they came from, hardship they hurdled, love they found, museums they visited, people they became, dreams they left behind, times they lived in, fears they wore. If I don't write them down, then stories dim and histories die and there is nothing to carry forward.

Fourth, and this my mother is teaching me, is to respect choice. "Fight, fight" against age, against illness, we tell our parents, often selfishly, but not everything must be raged against. Dylan Thomas was wrong, sometimes you have to go gentle into that good night. Sometimes, life has been enough, a weariness comes to rest, all accounts are settled and people want to turn to the wall, away from life and slip away. As my closest friend, Namita, still grieving over a mother she recently lost, told me: "There is a great love in letting people go."

Fifth, and I am lousy at this, don't steal their autonomy and instead respect their choices, hear their opinions, let them be free to arrange the rhythms of their life. My brothers and I are always trying to buy our parents a TV, a fridge, as if we cannot fathom that their life does not need a new shine. Yet it is fine as it is. So what if the letters on my mother's keyboard wore away, she has not forgotten the unique order of this alphabet.

Still I search for clarity amidst the clutter of life's incessant questions. I wade, like us all, through the truths of ageing and loss. I think of a relative who cannot find a way to open cupboards and wander through the accumulated life of her parents she has recently lost. I am moved by a friend, a civil servant whose father passed away a while ago and who tells me: "I don't fear death. I feel I have had a fulfilling stint with my mum." We are, all of us, a forest of crooked trees, leaning on each other.

I find reassurance in the reality that my parents, hardly wealthy, not poor, have lived rich lives. My mother now sits with the stillness of a painting and reads. My father writes to me: "I am not frightened by death. I will be sad that I can no longer look at Michelangelo's David, Picasso's Guernica, listen to the cool jazz of Bill Evans' piano or smell the aroma of a beautiful woman!" Today he has gone, as he does many Sundays, to listen and learn from a younger man about his beloved Strauss and Bach and Mozart. To this music, always he comes alive.

Monday, 9 May 2016

On Pakistan's historical hero - Muhammad bin Qasim


Tax havens have no economic justification, say some top economists

Thomas Piketty and Jeffrey Sachs among signatories of letter urging world leaders at UK anti-corruption summit to lift secrecy

 
The British Virgin Islands. More than half of the companies set up by Mossack Fonseca, the law firm in the Panama Papers leak, were incorporated in British overseas territories such as BVI. Photograph: Alamy


Patrick Wintour in The Guardian



More than 300 economists, including Thomas Piketty, are urging world leaders at a London summit this week to recognise that there is no economic benefit to tax havens, demanding that the veil of secrecy that surrounds them be lifted.

David Cameron agreed to host the summit nearly a year ago, but the event is in danger of simply turning a spotlight on how the British government has failed to persuade its overseas territories to stop harbouring secretly stored cash.

British officials are locked in negotiations with the crown dependencies and overseas territories, trying to persuade them to agree to a form of automatic exchange of information on beneficial ownership of companies. So far the overseas territories have only agreed to allow UK law enforcement agencies access to a privately held register of beneficial ownership, but the automatic exchange agreement would give a wider range of countries access to information on the ownership of shell companies.

Many overseas territories including the Cayman Islands are resisting the idea, and their attendance at the summit is in doubt.


Apart from Piketty, author of the bestselling Capital in the Twenty-First Century, the impressive roll call of economists includes Angus Deaton, the Edinburgh-born 2015 Nobel prize-winner for economics, and Ha-Joon Chang, the highly regarded development economist at Cambridge University.

Other signatories include Nora Lustig, professor of Latin American economics at Tulane University, as well as influential experts who advise policymakers, such as Jeffrey Sachs, director of Columbia University’s Earth Institute and an adviser to UN secretary general Ban Ki-moon, and Olivier Blanchard, former IMF chief economist.

In total 47 academics from British universities, including Oxford and the London School of Economics, have signed the letter which argues that tax evasion weakens both developed and developing economies, as well as driving inequality.

The signatories state: “Territories allowing assets to be hidden in shell companies or which encourage profits to be booked by companies that do no business there are distorting the working of the global economy.”

To counter this, they are urging governments to agree new global rules requiring companies to publicly report taxable activities in every country in which they operate, and ensure all territories publicly disclose information about the real owners of companies and trusts. A concerted drive by the EU is now under way to require companies to declare where their profits are made, and to ensure tax is paid there rather than in the country in which it is declared.

In a tough broadside against the British prime minister, Jeffrey Sachs said: “Tax havens do not just happen. The British Virgin Islands did not become a tax and secrecy haven through its own efforts. These havens are the deliberate choice of major governments, especially the United Kingdom and the United States, in partnership with major financial, accounting, and legal institutions that move the money.

“The abuses are not only shocking, but staring us directly in the face. We didn’t need the Panama Papers to know that global tax corruption through the havens is rampant, but we can say that this abusive global system needs to be brought to a rapid end. That is what is meant by good governance under the global commitment to sustainable development.”

More than half of the companies set up by Mossack Fonseca, the law firm at the centre of the Panama Papers leak, were incorporated in British overseas territories such as the British Virgin Islands.

The signatories admit: “Taking on the tax havens will not be easy; there are powerful vested interests that benefit from the status quo. But it was Adam Smith who said that the rich ‘should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion’. There is no economic justification for allowing the continuation of tax havens which turn that statement on its head.”

Oxfam, which coordinated the letter, is urging the UK government to intervene to ensure that Britain’s offshore territories follow its lead by introducing full public registers showing who controls and profits from companies incorporated there. 

Oxfam estimates that Africa loses about $14bn (£10bn) in tax revenues annually – enough money to pay for healthcare that could save 4 million children’s lives a year and employ enough teachers to get every African child into school.

Mark Goldring, chief executive of Oxfam GB, said: “It’s not good enough for information about company owners in UK-linked tax havens to be available only to HMRC – it needs to be fully public to ensure that governments and people around the world can claim the money they are owed and hold tax dodgers to account.”