Threats to Individuals & Businesses

Examine the implications of hacking, identity theft & surveillance for personal freedoms. Explain the political, economic and physical risks to global supply chain flows.

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Threats to Individuals & Businesses

Examine the implications of hacking, identity theft & surveillance for personal freedoms. Explain the political, economic and physical risks to global supply chain flows.

Hacking, identity theft and the implications of surveillance for personal freedoms

Surveillance increasingly owned by private companies

Political, economic and physical risks to global supply chain flows

Just in time: why we keep running out of everything

International trade and supply chains

Threats to political and economic sovereignty

Explain how profit repatriation and tax avoidance by TNCs and wealthy individuals, and disruptive technological innovations, such as drones and 3D printing, threaten political and economic sovereignty

Threats to political and economic sovereignty

“Sovereignty is the full right and power of a governing body over itself, without any interference from outside sources or bodies.”

Profit repatriation and tax avoidance by TNCs and wealthy individuals

Profit repatriation and tax avoidance are strategies used by TNCs to increase profits. Globally, $500 billion is lost every year through tax avoidance.

TASK: Note key figures for global tax avoidance and draw a diagram explaining how this works

CASE STUDY: PANAMA PAPERS

The Panama Papers are 11.5 million leaked documents that detail financial and attorney–client information for more than 214,488 offshore entities. The documents, some dating back to the 1970s, were created by, and taken from, Panamanian law firm and corporate service provider Mossack Fonseca, and were leaked in 2015 by an anonymous source.

The documents contain personal financial information about wealthy individuals and public officials that had previously been kept private. While offshore business entities are legal, reporters found that some of the Mossack Fonseca shell corporations were used for illegal purposes, including fraud, tax evasion, and evading international sanctions. (Source)