Tax Avoidance (By Corps.) 'Keeps Developing World Poor'

[buzzsaw_23]

Tax avoidance 'keeps developing world poor'

Paul Owen and agencies
Monday September 12, 2005


Multinational companies operating in the world's poorest countries are "dodging" around £270bn a year in tax, anti-poverty campaigners claimed today.

By not paying the taxes, rich businesses are depriving developing countries of much needed revenue, according to a report by Christian Aid.

Andrew Pendleton, a senior policy advisor for the charity, said the scale of the lost revenue "beggars belief".

The report names no names but says leading accountancy firms, banks and business conglomerates with close links to the UK were implicated.


http://www.guardian.co.uk/debt/Story/0,2763,1568254,00.html

[defiant1]

1. Jeeeeeez....(n/t)

:puke:

[krkaufman]

2. Frickin' Brits. Just a bunch o' looters. n/t

[texpatriot2004]

3. Oh, now see there, that really makes my blood boil, what kind

of UN-AMERICAN crap is that? They should have to pay their fair share. It's a privelege to pay tax it means that you have some shit to tax you greedy bastards.