Tuesday, 18 June 2013

Stop big companies dodging tax in poor countries!

Enough Food For Everyone IF governments stop big companies dodging tax in poor countries, so millions of people can free themselves from hunger.

Christian Aid estimates that developing countries are losing up to $160bn a year- more than the global aid budget- just through a form of tax dodging known as 'trade-pricing abuse'.

If big global companies stop avoiding the tax they owe in countries such as India, where one in three of the world’s malnourished children lives, then the money could be used to help feed children.
Governments must act to close the loopholes that allow these companies to get away with not paying what they owe.

When such tax schemes [that have an impact of developing countries] are identified, the UK should use its current powers to notify the tax authorities of developing countries and assist in the recovery of the money they’re owed

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