12 September 2005

Tax avoidance 'keeps developing world poor'

For our prayer and action. It looks likely to me that this will be a focus of campaigning by aid agencies. Please note the last sentence of the quote.
"tax regimes must be put in place in order to help achieve the MDG aim of cutting poverty by half by 2015.
'Tax is the forgotten issue in the debate about how to tackle poverty, and must be added to trade, debt and aid if the world is serious about meeting the MDGs,' Mr Pendleton said.
'For decades, poor countries such as Kenya and Bolivia have been haemorrhaging money to which they are properly entitled. If these leaks could be plugged, it would mean that poor countries would not have to be so reliant on handouts that so often come with damaging strings attached.'
Mr Pendleton said the GBP 272bn the multinational corporations and rich individuals avoided each year dwarfed the annual amount of annual overseas aid.
"
SocietyGuardian.co.uk | Society | Tax avoidance 'keeps developing world poor':

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