TaxCorporate TaxChristian Aid wants FTSE 100 to endorse transparency drive

Christian Aid wants FTSE 100 to endorse transparency drive

Development agency calls on the UKs biggest plcs to back calls for a more transparent accounting standards in poor countries where these companies may have subsidiaries

Christian Aid has asked thousands of its supporters to lobby the FTSE 100 as
they continue pressuring multinationals’ on their tax practices.

The body would like to see country-by- country reporting introduced, to shed
light on how much tax is paid on profits generated in poor countries.

On Wednesday, the development agency says it has contacted “thousands of its
supporters,” asking them to encourage leading firms such as Marks &
Spencer, Rolls Royce, BT and Barclays to respond to a Christian Aid survey about
tax and development.

“We have written to all the FTSE100 companies, seeking their views on
questions such as whether businesses have a social responsibility to pay tax in
poor countries and whether they would support the introduction of a new, more
transparent accounting standard,” said Judith Cavanagh, Christian Aid’s Campaign
Manager, Economic Justice.

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