>repatriating money from tax havens and using it to solve national problems, including poverty
There is little evidence that this will actually occur, otherwise places like Panama would be utopian paradises from all of the foreign cash. You can't solve "national problems, including poverty," if you refuse to tax the incoming money and instead let it continue to sit in corporate coffers.
Or, you know, we could just seize the assets because of tax evasion. But that will never happen because our politicians are in the pocket of the robber barons.
Most (if not all) of these cases are not dealing with tax evasion. It's actually legal tax avoidance, so there's no way to seize the assets because no-one has actually broken the law.
Many countries have very low (or zero) tax rates, so you can legally set up a company and put your money there.
I think one way to get rid of tax havens is with an international treaty to set some minimum tax rates, and have an embargo against any country that doesn't meet those requirements. It's not just the rich who are to blame, it's the countries that turn themselves into tax havens and make this all possible.
The laws say whatever politicians want them to say. If you pay the people who write the laws to turn your tax evasion into a legalized form of "tax avoidance," the inverse can just as easily be done to turn "tax avoidance" back into "tax evasion."
^ This is completely irrelevant and as the article you have referenced clearly explains, this loss will not be a problem come the 2nd quarter. This loss was due to the struggle in China, which now has a solution.
There is little evidence that this will actually occur, otherwise places like Panama would be utopian paradises from all of the foreign cash. You can't solve "national problems, including poverty," if you refuse to tax the incoming money and instead let it continue to sit in corporate coffers.