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Article

13 May 2008

Author:
Christian Aid

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

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].