BusinessCompany NewsWinners of Alternative Tax Awards announced

Winners of Alternative Tax Awards announced

Christian Aid highlights tax plight through mock awards

International relief organisation Christian Aid has announced the winners of
its new Alternative Tax Awards.

Categories winners include bilateral tax information exchange agreements
(Most Overhyped Reform of the International Tax System), Barclays (Tax Haven
Enthusiast of the Year) and P&O cruises owner Carnival (Low Tax Rate
Achievement Award).

PwC, KPMG, Ernst & Young, Deloitte and the International Accounting
Standards Board were joint winners of the Greatest Potential for Tax Reform
award.

The organisation is seeking to highlight the ‘devastating effect corporate
tax dodging has on poor countries.’

According to Judith Cavanagh, tax campaign manager at Christian Aid,
multinational corporations dodge around $160bn (£102bn) in taxes in the
developing world every year.

‘This is one-and-a-half times the total annual amount of aid that poor
countries receive and is desperately needed to fund public services such as
hospitals and schools. We estimate that if the money was used according to
current spending patterns, then the lives of some 350,000 children under five
would be saved each year.

‘Much of the money that goes missing ends up in tax havens. The accounting
rules must be reformed to prevent this happening. Tax dodging costs lives,’ she
said.

Christian Aid has audaciously invited winners to collect their awards outside
the venue of a co-inciding tax event this evening.

Further Reading:

Postcard
plea for Big Four

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