19 March 2015 - Commenting on the ‘Yellow Budget’ announced by Danny Alexander this morning, Christian Aid’s Senior Economic Justice Adviser Joseph Stead said:
“We’ve seen heads of companies refuse to take responsibility for their businesses’ flagrant tax dodging, so a new criminal offence for failure to prevent tax evasion will make boardrooms sit up and take notice.
“But for this reform to really tackle offshore abuses and the harm they do in developing countries, it must be extra-territorial in application like the Bribery Act which this Government introduced.”
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Notes to editors:
1. Christian Aid works in some of the world's poorest communities in around 50 countries at any one time. We act where there is great need, regardless of religion, helping people to live a full life, free from poverty. We provide urgent, practical and effective assistance in tackling the root causes of poverty as well as its effects.
2. Christian Aid’s core belief is that the world can and must be changed so that poverty is ended: this is what we stand for. Everything we do is about ending poverty and injustice: swiftly, effectively, sustainably. Our strategy document Partnership for Change explains how we set about this task.
3. Christian Aid is a member of the ACT Alliance, a global coalition of more than 130 churches and church-related organisations that work together in humanitarian assistance, advocacy and development. Further details at http://actalliance.org
4. Follow Christian Aid's newswire on Twitter: http://twitter.com/caid_newswire
5. For more information about the work of Christian Aid visit http://www.christianaid.org.uk