Christian Aid report says tax evasion by companies responsible for 1,000 deaths a day in developing countries

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Article
13 May 2008

Tax Evasion Costs the Lives of 1,000 Children a Day

Author: Christian Aid

The lives of 1,000 young children a day are being lost to disease and poverty in poor countries because of illegal trade-related tax evasion, says a new report from Christian Aid...The culprits are companies using false accounting to reduce their tax liability...These children, along with millions of other people, are victims of a financial system in which poor countries are routinely denied the tax that is rightly theirs by transnational corporations and other businesses using methods both licit and illicit to lower their tax liability...'The abuse is so widespread and damaging that it is tantamount to a new slavery,' said Dr Daleep Mukarji [director of Christian Aid].

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Article
12 May 2008

[PDF] Death & taxes: the true toll of tax dodging

Author: Christian Aid

Christian Aid has concluded that the necessary money, and more, is already available [to address poverty]– if only those who owe it would pay up. We are talking about tax. This report seeks to expose the scandal of a global taxation system that allows the world’s richest to duck their responsibilities while condemning the poorest to stunted development, even premature death... We predict that illegal, trade-related tax evasion alone will be responsible for some 5.6 million deaths of young children in the developing world between 2000 and 2015. That is almost 1,000 a day. [refers to AngloGold Ashanti, Barrick Gold, Vodafone, Paladin Resources, Tata Iron & Steel, National Machinery & Equipment Import & Export Corp., First Quantum Minerals, Glencore International, Mittal Steel (part of Arcelor Mittal), Minera Yanacocha (joint venture Newmont & Compañía de Minas Buenaventura), Deloitte, Ernst & Young, PricewaterhouseCoopers, KPMG]

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