Financial Transparency Coalition

BRUSSELS - International development agency Oxfam and the European Network on Debt and Development (Eurodad) welcome the European Commission’s initiative to step up action against tax fraud and tax evasion, which cost billions in tax revenues in Europe but also in developing countries.

LONDON - Christian Aid today welcomed a House of Commons committee’s report on tax dodging by multinationals, which puts morality at the heart of the tax debate, and said the harm the practice causes to developing countries should be seen in the same light.

LONDON – The Prime Minister’s backing for tax justice throughout the world won a delighted welcome today from Christian Aid, which has a longstanding campaign against multinationals’ tax dodging.

On Sunday, The New York Times ran a massive, 3700-word, story on their investigation into aggressive, but legal, tax avoidance at Apple. Apple uses a wide network of subsidiaries in tax havens to shift profits away from high-tax jurisdictions like the United States. Apple has previously been a noted innovator in the tax strategy department, pioneering techniques to drastically reduce their tax bill. Despite explosive growth in Apple's profits, their tax bill has barely budged in recent years.