Date: October 12, 2011, 1:55 pm



Recognising that tax dodging by multinational companies costs developing countries over a hundred (100) billion dollars every year – more than the entire global aid budget, want G20 leaders to introduce measures to end the tax haven secrecy that allows companies to hide their profits and avoid paying taxes in developing countries.

Without firm commitments from you, the millions of malnourished children; the millions of children denied access to basic education and the general poverty in developing countries will be worsened.

The Measures Needed:

1.     Companies must be required to report on the profits made and taxes paid in every country in which they operate  

2.     There should be automatic exchange of information between different tax jurisdictions, which would help developing countries collect the taxes they are owed.

We see the upcoming G20 finance ministers meeting on the 14th and 15th of October followed by the full G20 meeting in France this November a great opportunity for these measures to be discussed, and actions agreed for the benefit of the world’s poorest.

We therefore urge you to act now to challenge the financial injustice by agreeing on the above measures to stop tax haven secrecy around the world.


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