"Agenda: Impact of corporate tax dodging in world's poorest countries is virtually unfathomable", 16 Feb 2016
...Christian Aid has estimated that developing countries lose more than £100bn each year from tax dodging by multinationals...Relatively modest increases in tax revenues can bring about enormous improvements to the lives of huge numbers of people...[T]he impact of widespread corporate tax dodging in the world's poorest countries is almost unfathomable...Here in Scotland some of Europe's biggest institutional investors are among the largest shareholders in many global multinationals. They have a role to play in ensuring that the companies in which they invest pay fair taxes that reflect where economic activity actually takes place. The Scottish Government, although not controlling corporation tax, can play its part. For example, Scotland's public sector procurement guidance could encourage the awarding of contracts to companies with sound tax practices...At Westminster, Christian Aid is calling for the immediate introduction of public country-by-country reporting, in which companies disclose taxes paid, profits made, staff employed and assets owned in each country in which they operate. This would immediately help to identify which companies are paying taxes that reflect where economic activity takes place, and those that are not...
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