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Sat Feb 16, 2013, 03:16 PM

George Osborne in pledge to help world's poor fight tax abuse

Source: Observer

George Osborne in pledge to help world's poor fight tax abuse

Chancellor reaffirms promise on aid and pledges to join forces with the developing world to help beat 'corporate cheats'

Daniel Boffey, policy editor
The Observer, Saturday 16 February 2013 14.55 EST

The chancellor George Osborne has pledged to join forces with the developing world to crack down on multinationals avoiding tax in some of the world's poorest countries.

Fresh from the G20 meeting of finance ministers in Moscow, Osborne reveals in the Observer that the UK wants to rewrite the rules of the corporate game to help developing countries collect the tax that is due to them.

In remarks hailed by anti-poverty campaigners, he promises to drive forward a "new agenda of transparency" and to force oil, mining and gas giants to publish key financial data project-by-project wherever they operate.

He also reasserts the UK's goal of being the first country to spend 0.7% of its gross national income on aid next year, and reveals that a major spending focus is on improving the capacity of developing countries to hold corporate giants to account.


Read more: http://www.guardian.co.uk/politics/2013/feb/16/george-osborne-pledge-tax-abuse

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Reply George Osborne in pledge to help world's poor fight tax abuse (Original post)
Judi Lynn Feb 2013 OP
Spider Jerusalem Feb 2013 #1

Response to Judi Lynn (Original post)

Sat Feb 16, 2013, 06:26 PM

1. I have a rather jaundiced view of this

it seems a bit like calculated PR to allow the Tories to say "look, we aren't completely horrible"...meanwhile engaging in austerity and benefit cuts at home; it's a bit robbing Peter to pay Paul, honestly. Yes, the problem of poverty in the developing world is one that should be addressed by rich countries, and the UK may have a special responsibility due to its colonial history, but at the same time it's hard to see how one justifies this in light of austerity at home when some of the money earmarked for aid could be used for investment in healthcare and social housing and so on here in Britain.

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