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21 July 2010

TAX-DODGING- “THE SINGLE BIGGEST BARRIER TO ENDING POVERTY” 

For every US$10 given in aid to developing countries, US$15 slips out through tax dodging according to Christian Aid a UK faith-based organization working to ending poverty.

Tax dodging has been identified by Christian Aid as the single biggest barrier to ending poverty in the developing world with a worldwide culture of financial secrecy allowing tax-dodging firms to rob poor countries of more than an estimated US$162 billon each year.

The Christian Aid website reveals how tax and trade rules work to boost multinationals' profits and provides information about its campaign for international tax transparency.

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