Wednesday, September 01, 2010

Trace the tax - write to the FTSE Four

Christian Aid has a new initiative underway

Our biggest companies have the power to help end poverty. It’s one of the best-kept secrets there is. And we’re calling time on secrecy. A global culture of financial secrecy allows tax dodging to thrive, costing poor countries an estimated $160bn every year in lost tax income – more than they receive in international aid. These missing billions could be paying for basic services and paving a way out of poverty for millions of people.

How the FTSE 4 can help

We've hand picked four FTSE100 companies because they can lead from the inside, and raise the call for new global accounting rules that require firms to report the profits made and taxes paid in every country they operate in. This would help poor countries and their citizens trace the taxes they’re owed.

Write a letter!


Blogger Physiocrat said...

Mere tinkering.

Christian Aid ought to be putting forward more radical solutions. First their policy wonks should read Leviticus 25 - all of it, not just the stuff on debt. Then they should work their way through all the Catholic Social Teaching documents, starting with Rerum Novarum and finishing with the most recent one, Caritas in Veritatis. (John Paul II's Centesimus Anno is hard going so they can skip that, but the others are easy going)

If that is too much, a couple of other short references should suffice to give them the picture: Psalm 24:1 and 1 Corinthians 10:26

11:39 pm  

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