A British aid agency has launched a report highlighting the way in which derisory tax rates deprive poor countries of billions in lost revenue. For decades, the governments of developing countries, under pressure from the World Bank and IMF, have charged multinational companies seeking to exploit their natural resources very low tax rates, says…Christian Aid…Claire Kumar, author of the report… [said] “[M]issing tax revenues amount to far more than countries receive in aid.”…Christian Aid is calling on the G20 leaders to implement new accounting standards to force multinational companies to declare publicly the profits they make and the taxes they pay in every country where they operate. It…urges the G20… to end the ‘race to the bottom’ in tax rates…and to help [developing countries] renegotiate tax deals with multinational corporations.