Financial Transparency Coalition

ActionAid UK has just released a new report detailing the devasting impact that tax avoidance has on developing countries.  Titled, “Accounting for poverty: how international tax rules keep people poor,” the report finds that if developing economies could raise $198 billion per year simply by increasing their tax revenue to 15% of GDP.  From the release:

In a report published today, the charity argues that developing country governments could increase their tax revenues dramatically if they were able to clamp down on international tax avoidance and evasion. International tax rules should be changed to make it easier for poor countries to detect and clamp down on tax dodging, and developing countries should be supported in upgrading their revenue services, ActionAid says.

Check out the full report and find out more about ActionAid here…