Collateral damage: How government plans to water down UK anti-tax haven rules could cost developing countries and the UK billions | ActionAid UK

Collateral damage: How government plans to water down UK anti-tax haven rules could cost developing countries and the UK billions

This loophole will make it much easier for UK-based global businesses to avoid taxes in the developing countries they operate in, at an estimated cost of £4 billion a year. Some of the poorest countries in the world, with minimal public services, will be losing vital revenues they could be investing in healthcare and education, keeping them more dependent on foreign aid.

  • Published 1st March 2012
  • Author(s) ActionAid UK
  • Category Tax justice

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