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The calls are getting louder

By Alasdair Roxburgh | 18 March 2011

There's been some great progress on our Trace the Tax campaign over the last week, with two significant voices joining our calls for country-by-country reporting.

'(Tax transparency) reduces the opportunities for corrupt accounting and gives local people a better understanding of the assets that exist in their communities.'

First up, Ugandan MP Henry Banyenzaki, who’s also the Chairman of the Ugandan Parliamentary Forum on Oil and Gas, wrote to Shell CEO Peter Voser saying that he saw real benefits for Uganda in having country-by-country reporting similar to the Dodd-Frank bill in the US.

Mr Banyenzaki made the important point that this kind of tax transparency 'reduces the opportunities for corrupt accounting and gives local people a better understanding of the assets that exist in their communities'.

This was followed on Tuesday by the Norwegian Ministry of Finance's announcement that they are considering unilaterally implementing country-by-country reporting.

Country-by-country reporting means companies would be required to publish the profits they make and the taxes they pay in each country in which they work. This would be a major step towards ending tax dodging, which costs the developing world $160bn each year - more than the entire global aid budget.

Mr Banyenzaki and the Norwegian Government are just part of a growing number of individuals, organisations and governments who are calling for tax transparency.

Our challenge is to get even more voices calling for tax transparency so we can bring more pressure on international bodies like the IASB (who develop international accounting standards) to implement country by country reporting.

Take action!

Act now!Write to TUI, Vodafone, Unilever and IHG, and urge them to help people in poor countries trace the tax.

 

 About the author

Alasdair Roxburgh

Alasdair Roxburgh is our churches campaigns manager


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