Monday 23 July 2012

How can we tackle tax dodging in developing countries?

It is widely recognised that tax dodging by some of the big companies is taking place. This is a huge drain on the world's resources.

In recent days, I read about the Action Aid's campaign to highlight that developing countries are loosing three times more to tax havens then they receive in aid, annually.

The pressure on the international bodies such as the G20 has to be increased to make companies publish basic set of accounts in every country in which they operate. Aid money is required to help developing countries to strengthen their tax authorities.

Lost tax revenue is desperately needed in developing countries to help the one billion people who are starving and 67 million children who don't attend education.

Useful link:-

Action Aid - www.actionaid.org.uk/taxjustice


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