Less fiscal revenue means less money for vital infrastructure and less money to prepare for the effects of natural disasters

It’s been a year of natural disasters. After Irma, Maria, Harvey, hurricane Florence left a devastating landscape in the Caribbean. Extreme temperatures across the northern hemisphere have caused devastating fires from Europe to the US. Dozens have been killed in the Philippines after typhoon Mangkhut triggered landslides.

And the worst consequences of Climate change are yet to come.

Related: While my island nation sinks, Australia is doing nothing to solve climate change | Anote Tong

With big Companies paying less and less taxes, most governments have the same answer: austerity

Related: Multinationals move $16bn from Australia to tax havens each year

Continue reading…