To Honor Queen Elizabeth, Charles Must Stop Spiderweb Tax Abuse

The realms now subject to King Charles III include a spiderweb of tax havens and secrecy jurisdictions that—together with American, Asian, and European havens—enable taxpayers to hide $32 trillion from taxation. This cross-border tax avoidance causes public treasuries around the globe to lose $483 billion in tax revenue each year—$312 billion from multinational corporations and $171 billion from ultrarich individuals.

This devastating drain on public resources, if reversed into a new revenue stream, could contribute significantly to the $7 trillion needed annually to achieve the United Nations’ Sustainable Development Goals, which constitute “a universal call to end poverty, protect ...