Chancellor has more to do on tax fairness, says Christian Aid

By agency reporter
December 3, 2014

Christian Aid, the UK-based churches development agency, has commented on the tax fairness policies in the Chancellor’s Autumn Statement.

Laura Taylor, Head of Advocacy at Christian Aid, said:
“It’s good to see George Osborne acting on the huge public demand for big companies to pay their fair share of tax, with the new Diverted Profits Tax. But it’s not just the UK that needs tax fairness – developing countries need it too. The government should use its power to make UK multinationals pay their taxes in developing countries. The vast majority of the British public want this, according to a ComRes poll for Christian Aid and ActionAid. (http://www.ekklesia.co.uk/node/21092)

“The Government is putting £5 million towards strengthening poor countries’ tax systems but this will achieve little unless international tax rules are tightened and loopholes closed. Otherwise, multinationals will keep running rings around tax officials everywhere.

“Mr Osborne mentioned in passing one of the most important tax reforms he could make: country-by-country reporting for multinationals. It’s a reform that would shed more light on companies’ finances and make tax dodging harder to get away with, in the UK and internationally. However, to be really effective, the information must be publicly available – not confined to tax authorities. We hope he will have much more to say about this in the near future.”

On the government’s commitment to spend 0.7 per cent of Gross National Income on overseas aid, she added: “The Chancellor has honoured his promise to give 0.7 per cent of national income for life-saving development aid. Now he should make sure MPs turn up on Friday to support the 0.7 Bill that will establish this promise in law – a lasting legacy of which the Government can be proud.”

* More from Ekklesia on the Autumn Statement here: http://www.ekklesia.co.uk/autumnstatement

[Ekk/4]

Although the views expressed in this article do not necessarily represent the views of Ekklesia, the article may reflect Ekklesia's values. If you use Ekklesia's news briefings please consider making a donation to sponsor Ekklesia's work here.