Corporate tax dodgers contribute to world poverty
Charity claims revenues lost through tax avoidance are greater than many countries' aid budgets
The accountancy industry and banks are denying developing countries £270bn a
year in lost revenues through tax avoidance, the charity Christian Aid has
claimed.
It says the amount lost in revenues each year through the use of offshore
bank accounts, trusts and companies dwarfs most countries’ annual overseas aid
budgets.
The charity is calling for firms to introduce ‘responsible tax policies’ and
‘stop undermining taxation in the developing world’ by ‘assisting prosperous tax
dodgers’.