Multinatls. need to pay their fair share of tax & govts. need to invest it in public services, says Public Services International

Author: Public Services International, Published on: 27 June 2016

"Defending public services together!", 21 Jun 2016

...Rosa Pavanelli, PSI [Public Services International] General Secretary, says "I hope this means that the UN is going to shift its emphasis from private capital to public investment to support the achievement of the Sustainable Development Goals...Multinational corporations are accumulating capital in offshore tax havens rather than reinvesting. We need to ensure multinationals pay their fair share of tax and that governments use this revenue to drive public sector growth through investment in universal, quality public services. Universal access to these public services is a pre-condition for healthy economies and just and equitable societies"...

Tax Justice Network, EURODAD, Alliance Sud and the Third World Network all join PSI in calling for a stronger commitment regarding illicit financial flows, tax evasion and avoidance and a more equitable international trade regime, better attuned to the interests of developing countries...

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