RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Retarded Oxfam calls on G20 ministers to rein in multinational tax 'evaders' Thu Feb 20, 2014 7:47 pm | |
| The world's finance ministers must use the G20 meeting in Sydney this weekend to crack down on tax avoidance by multinational corporations, Oxfam says.
It says national governments lose billions of dollars each year to tax loopholes and avoidance, and that money could be used to reduce developing countries' dependence on foreign aid and lift people out of poverty.
Dr Helen Szoke, Oxfam Australia's chief executive, said the international tax regime was ''broken'' and needed fixing. Advertisement
"This is contributing to widening income inequality and the scandal that we see today of the 85 richest people owning the same amount of wealth as half the world's population," she said.
Read more: http://www.smh.com.au/federal-politics/political-news/oxfam-calls-on-g20-ministers-to-rein-in-multinational-tax-rorters-20140220-334b7.html#ixzz2tufkS6Fv |
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