The UK’s aid watchdog has highlighted how the Department for International Development could more effectively help poor countries to tackle the tax avoidance and evasion that rob them of billions, in a new report welcomed by Christian Aid.
The UK will only successfully tackle corruption when its tax havens apply UK levels of transparency, Christian Aid said yesterday after the Queen’s Speech highlighted plans for action against money laundering, corruption and tax evasion.
Christian Aid campaigners from Witney gathered on 30 April 2016 in the Prime Minister’s constituency outside properties which are now owned in Jersey and the British Virgin Islands, to demand that David Cameron finally gets tough with the UK’s secretive tax havens.
Impoverished country governments could be up to $61 billion worse off in 2016 as a result of the crash in global commodity prices and strengthening of the US dollar. This is reducing government revenue and increasing the relative size of debt payments in foreign currencies.