G7 sides with tax dodgers leaving the public to pick up their bill
The measures announced in the G7 Leaders' Declaration today will give tax dodgers little cause for concern said Oxfam as the G7 Heads of the State Summit came to a close in Japan.
Max Lawson, Oxfam’s Policy Lead for the Even It Up campaign said:
"G7 leaders have sided with the tax dodgers and not the public. Despite all the talk of action, the G7 have missed this opportunity to end the destructive era of tax havens, and people across the globe, including some of the world’s poorest people, will pay the price.
“The G7 failed to support measures that would prevent tax dodgers hiding their money away – including a global agreement that would require big business to publish information on how much tax they pay in every country where they operate, and a global public register of the real owners of businesses and trusts. And they failed to recognise the need for all countries to work together to end the damaging race to the bottom on corporate tax rates.
“The handful of measures which were agreed – support for existing OECD measures to tackle tax avoidance and build the capacity of developing countries tax authorities - are welcome, but a long way from what is needed to end the era of tax havens."
Anna Ratcliff, UK +44 (0) 7796993288 or email@example.com
Maiko Morishita, Japan +81-90-8082-0198 or firstname.lastname@example.org