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Oxfam urges G20 to curb tax avoidance that harms Africa
Urgent action is needed at Thursday's G20 summit in St Petersburg to fix a tax system allowing firms to "rip off" poor African nations, Oxfam has warned.
Such countries were losing almost 2% of national income in tax not paid by firms, depriving them of billions of pounds, the charity said.
It urged leaders to "tear down walls of secrecy" that allow tax dodging.
...
Oxfam said the lost income of African countries through tax dodging was the equivalent of more than half of the money spent on health by governments throughout sub-Saharan Africa.
http://www.bbc.co.uk/news/uk-23954293
Such countries were losing almost 2% of national income in tax not paid by firms, depriving them of billions of pounds, the charity said.
It urged leaders to "tear down walls of secrecy" that allow tax dodging.
...
Oxfam said the lost income of African countries through tax dodging was the equivalent of more than half of the money spent on health by governments throughout sub-Saharan Africa.
http://www.bbc.co.uk/news/uk-23954293