"Please help reveal the truth about tax, Christian Aid urges MPs", 13 Jun 2016

Christian Aid is calling on MPs of all parties to support a change in the law that would help rich and poor countries collect more of the tax billions they are owed by multinationals.

The move, which already has the backing of 23 Conservative, Labour, SNP and Liberal Democrat MPs, would require firms to publish much more information about their finances in every country where they operate.

That, in turn, would make it harder for them to get away with paying tiny amounts of tax in countries where they do large amounts of business…

Toby Quantrill, a tax justice expert at Christian Aid, said: “…It would help the UK as well as other countries, including many of the poorest, to spot tax abuse by multinationals and take action to collect more of the billions they are owed.

“According to a recent paper from the IMF, developing countries lose around $200 billion every year to tax avoidance by multinational companies.

"This reform could help to ensure more funding for services that keep people alive and thriving in the developing world: everything from hospitals, ambulances and policing to schools, universities and public parks...”[refers to Barclays, Crédit Agricole, PricewaterhouseCoopers]