'Uncover phantom firms', says Archbishop of Wales.
At the recent Llandaff Diocesan Conference, Archbishop Barry Morgan, urged church-goers to support Christian Aid’s campaign for greater tax transparency.
Standing alongside a suited Russian Doll, Dr Morgan said, ‘No one likes paying taxes but they are the bedrock of a fairer and more equal society, both here in Wales and in developing countries. Tax dodging, particularly through the set-up of phantom companies, drives poverty and injustice. I urge churches across Wales to give active support to Christian Aid’s campaign.'
Christian Aid is calling on the UK Government to ensure public registers are created which reveal the true owners of phantom firms. Having this information in the public domain would make it easier to hold companies to account and ensure developing countries get the money that’s rightfully theirs.
Justin Stead, Christian Aid’s Senior Economic Justice Adviser, said, ‘Phantom companies are like Russian dolls. They enable nameless criminals to evade tax, launder money and pay bribes safe in the knowledge that even the police will find it very difficult to trace them. This causes harm worldwide, not least in poor countries, which lose billions every year to tax evasion and corruption.’
Church members across Wales, through their involvement in the Enough Food For Everyone IF campaign, have helped push the issue of tax dodging and hunger to the top of the G8 agenda in June, but despite the positive rhetoric from David Cameron and other world leaders at the G8 in Northern Ireland corporate tax dodging remains a growing source of public anger.
Christian Aid is calling on the public to email business secretary Vince Cable to ensure public registers are created which reveal who owns what, where, and for whose benefit. Click here to help end tax dodging