Prime Minister Justin Trudeau lashed out Tuesday in Davos, Switzerland, companies more committed to evade taxes than to ensure a fair sharing of benefits with workers and society in general.
In front of bosses of big companies and other billionaires gathered at the World Economic Forum in Davos, Mr. Trudeau denounced too many companies that “put their only profits before the well-being of workers”.
These companies are looking for short-term benefits “instead of looking for relevant and sustainable solutions,” he added on the first day of the Forum.
“The gap between the rich and the poor is staggering, and in the meantime companies are tax avoidance and boasting of record profits” while minimizing them to governments to reduce their taxable income.
“But this approach can not work and will not work anymore,” warned the Canadian head of government.
“We are in a new business era, you must give back to society,” he continued, warning that “if we do nothing and perpetuate the status quo, the system will crumble and we will all fail.”
“Too many politicians become disconnected, refuse to listen” to the needs of “people who are not here in Davos and will never be there, they are the people we work for,” Trudeau added.
The Prime Minister said that “all over the world, there is palpable malaise” with regard to economic inequalities, and that it is the duty of the leaders gathered in Davos “to use their privileged position to do good” .