More action needed to tackle tax dodging after budget

By staff writers
July 8, 2015

Responding to the 2015 Summer Budget, development agency Oxfam, which has played a big part in the anti-tax dodging campaign, gave a qualified welcome to action from George Osborne, but said that much more is needed.

Nick Bryer, Oxfam's Head of UK Policy and Campaigns, said: "The Chancellor's pledges to end permanent non-dom status and increase HMRC's ability to catch tax dodgers are steps in the right direction.

"The promise of an extra £5 billion is welcome but still more needs to be done to ensure wealthy individuals and companies pay their fair share both here and in the world's poorest countries.

"Promises to consult on how to make large businesses' tax affairs more transparent should be followed by a commitment to full public country by country reporting of companies' key financial and tax information.

"At present, it is all too easy for multinational companies operating in developing countries to avoid paying tax – this is lost revenue that could help to provide schools and hospitals for some of the world's most vulnerable people.

He concluded: "To fund the fight against global poverty and rising inequality, the Chancellor must ensure that big companies contribute fairly, including by supporting rather than blocking crucial reforms to ensure that poorer countries have a say in how global tax rules are set at next week's UN conference in Addis Ababa."

Ekklesia was part of the pre-General Election Tax Dodging Bill coalition of NGOs and charities.

* More on the Tax Dodging Bill: http://www.ekklesia.co.uk/node/21385

* Full 2015 budget coverage and commentary from Ekklesia at: http://www.ekklesia.co.uk/budget2015

[Ekk/3]

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