9 July 2015
Next week, government ministers from across the globe will descend on Addis Ababa, Ethiopia's capital, for the Financing for Development summit. Along with a coalition of developing countries and campaigners, we’re calling on the summit to agree to a new global tax body. Read on to find out how this could help people living in the world's poorest countries.
What's at stake?
Global tax rules currently make it easy for multinationals to dodge tax at a whopping cost to developing countries. According to experts at the International Monetary Fund (IMF) this could be more than $200billion a year.
This is just the tip of the iceberg. Archaic tax treaties, and countries competing against each other by offering big tax breaks to multinationals, are also costing developing countries.
As a result, they are missing out on funds which could be used to provide essential services for some of the world’s poorest people.
Unfair tax rules harm the poor
In Uganda, Angom Grace has to walk over 30km twice a week just to get the painkillers and malaria drugs she badly needs.
Essential services - like well-resourced health centres in Angom's community - could be paid for by income raised from cracking down on tax dodging, unfair treaties and harmful tax breaks.
Why a global tax body?
Current attempts by richer countries to create a fairer tax system are just tinkering round the edges. An intergovernmental tax body would give developing countries the opportunity to develop a tax system that gives them a fair chance to finance their own development. All countries, rich and poor, should have a say - and that's what a global tax body would mean.
Campaigners from all over the world have been fighting to get a tax body to the top of the agenda at Financing for Development, but we need to keep up the pressure to make this a reality. So ahead of the summit please lend your support and call on George Osborne to support the campaign to make tax fair. Everywhere. Call on George Osborne to support a global tax body