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Article

12 Sep 2005

Author:
Christian Aid

[press release] Company tax dodgers derail bid to end global poverty

World leaders will never meet their commitments to tackling global poverty unless poor countries are allowed to stop big businesses and rich elites from dodging tax and stealing wealth, says Christian Aid...In the week the United Nations is examining progress towards its Millennium Development Goals (MDGs) in New York, a bold new report from Christian Aid shows how poorer countries are losing $500 US billion (£270 billion) a year in revenues to prosperous international tax dodgers...The report is published as part of joint work with the Tax Justice Network which today...releases a companion report entitled 'Tax Us If You Can'. Both works are highly critical of giant business conglomerates and some of the large international accountancy firms and banks...who secrete company funds in tax havens outside the poor countries they are working in.