LONDON – Christian Aid today welcomed Prime Minister David Cameron’s backing for legislation that will force companies to reveal the taxes and fees paid to governments in every country where they operate. Speaking in Lagos, the Prime Minister said the EU should follow the example of the US, which has introduced a new law to force mining [...]
LONDON – Christian Aid is urging the Chancellor to consider how poor countries could be harmed by a deal allowing UK citizens with secret Swiss bank accounts to continue hiding their identities from the British taxman.
LONDON – The UK government’s decision to back a ‘publish-what-you-pay’ standard for mining and other ‘extractive’ companies across the world is an exciting and welcome move which will challenge corruption in the oil, mining and gas sectors but does not go far enough to tackle the massive damage done by tax dodging and financial secrecy, Christian Aid says today.
LONDON—Christian Aid is calling on the winner of this Sunday’s general election in Tanzania to commit to ending tax anomalies that have deprived a country rich in mineral resources of badly needed revenue that could have been spent on schools, hospitals and other infrastructure improvements.
LONDON—Multinational companies could be forced to reveal far more about their finances in developing countries following a European Commission move which Christian Aid experts welcomed as ‘hugely exciting’.
GLASGOW, SCOTLAND—Christian Aid Scotland and the Church of Scotland today launch a joint report to raise awareness of the billions lost to developing countries from tax evasion and avoidance and to call on the International Accounting Standards Board to introduce an international country-by-country reporting standard.
Such a standard would oblige multinational corporations to report on their profits and other financial details in each of the countries or jurisdictions in which they operate.
The launch of Paying our dues: how tax dodging punishes the poor (PDF, 5mb), and practical resources for churches and presbyteries is the direct result of deliverances agreed by the Church and Society Council at the General Assembly of 2010. These support Christian Aid’s view that that companies should be transparent and accountable for the tax they pay, in all the countries in which they operate.
International organisations such as the OECD recognise that tax dodging is likely to cost developing countries more than the total that they receive in aid in each year. Christian Aid estimates that their annual loss may be as great as $160 billion.
Christian Aid Scotland and the Church of Scotland launched this joint October 2010 report to raise awareness of the billions lost to developing countries from tax evasion and avoidance and to call on the International Accounting Standards Board to introduce an international country-by-country reporting standard.
GLASGOW, SCOTLAND—Christian Aid Scotland and the Church of Scotland today launch a joint report to raise awareness of the billions lost to developing countries from tax evasion and avoidance and to call on the International Accounting Standards Board to introduce an international country-by-country reporting standard.
More than a billion people across the world will go to bed hungry on Saturday, the day the United Nations has designated World Food Day.
The growing food crisis, which is leaving millions of people without enough to eat, has inequality at its root. Most markets have plenty of food, yet the price has risen beyond the reach of ordinary people.
This income disparity is particularly stark in Latin America and the Caribbean, recently labelled the most unequal region in the world.
Ten of the 15 most unequal countries in the world are in that region, according to a United Nations Development Programme report released in July 1010. The report also finds that it is possible to reduce inequality through the implementation of public policies that lift the region out of the inequality trap.
CHRISTIAN AID—More than a billion people across the world will go to bed hungry on Saturday, the day the United Nations has designated World Food Day. The growing food crisis, which is leaving millions of people without enough to eat, has inequality at its root. Most markets have plenty of food, yet the price has risen beyond the reach of ordinary people.
Christian Aid is launching a new phase of its Trace the Tax campaign for greater financial transparency by multinational companies.
The charity is asking supporters to help persuade four firms to back its call for accounting reforms which will help poor countries collect more of the tax billions which are rightfully theirs.
All four have assets and subsidiaries in developing countries. They are: Vodafone, Unilever, TUI Travel (which owns Thomson and First Choice) and Intercontinental Hotels Group (which owns Holiday Inn).
Helen Collinson, Campaigns Manager at Christian Aid said: ‘We are appealing to these companies to support our campaign for greater tax transparency, including the call for a new accounting standard to ensure companies report on their profits made and taxes paid in every country where they operate. It is really important to stress that we are not accusing these companies of tax dodging.
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