LONDON – Christian Aid gives two cheers today for European moves to tackle corruption by forcing some large companies to come clean about their payments to governments around the world. However, the charity says the UK Government’s failure to push for stronger EU rules means the upcoming G8 will be an acid test of the commitment to tax transparency.
‘Europe has made some extremely important progress towards tackling corruption linked to the world’s mining, gas, oil and logging companies,’ said Joseph Stead, Christian Aid’s Senior Economic Justice Adviser.
LONDON – Responding to the Chancellor’s Budget today, Christian Aid Director Loretta Minghella said:
‘Today, a 40 year-old promise to the world’s poorest was finally delivered. We congratulate the Government for ensuring that – even in challenging economic times – this country has done the right thing by the hundreds of millions of women and men around the world living in poverty.
LONDON – A ComRes survey about public perceptions around tax avoidance, commissioned by Christian Aid, found a third (34 per cent) of Britons say that they are currently boycotting the products or services of a company because it does not pay its fair share of tax in the UK. Almost half (45 per cent) say they are considering a boycott.
LONDON – European Parliament moves to force banks to reveal more about their finances are a huge step towards getting companies to pay their taxes – although the new rules should be extended to other industries, Christian Aid says today.
LONDON – Hunger and malnutrition in childhood will trap almost a billion young people in poverty by 2025, according to a major new campaign, launched today by Britain’s leading development charities and faith groups. ‘Enough Food for Everyone IF’ is the largest coalition of its kind in the UK since Make Poverty History in 2005.
LONDON – As the world observes International Anti-Corruption Day on Sunday (December 9), Christian Aid reiterates its call for the UK government to do more to end financial secrecy.
LONDON – Christian Aid today welcomed Chancellor George Osborne’s pledge to commit 0.7 per cent of gross national income next year to overseas aid, but called for a coherent tax strategy to benefit poorer countries.
LONDON – Christian Aid today welcomed a House of Commons committee’s report on tax dodging by multinationals, which puts morality at the heart of the tax debate, and said the harm the practice causes to developing countries should be seen in the same light.
LONDON – The Prime Minister’s backing for tax justice throughout the world won a delighted welcome today from Christian Aid, which has a longstanding campaign against multinationals’ tax dodging.
LONDON – New research has revealed that 56% of British adults believe that tax avoidance by multinationals companies (MNCs), while a technically legal way of reducing what they owe the taxman, is morally wrong, and half of people think it should be made illegal. Only four per cent of those polled thought tax avoidance by MNCs was ‘morally justifiable’ and only four per cent described such practices as ‘fair’.
LONDON – Government plans to make life harder for ‘cowboy’ tax advisers selling aggressive tax avoidance schemes to UK tax payers are welcome but will make little difference in the battle to tax the trillions hidden offshore, Christian Aid says today.
BRUSSELS – Tax is joining high pay as an issue at FTSE100 companies’ AGMs this year, with Boards facing tough questions about their use of tax havens, financial secrecy and whether – with complex chains of subsidiaries stretching across the globe – they know what is really going on.