Tax - Accounting for Justice
ff jhbhjbhjgy uggyugEvery year countries in the global South lose at least US$ 160 billion because of tax evasion by multi-national corporations. If this immoral transfer of
wealth from the Global South to the North was ended, the lives of 350,000 children under the age of 5 could be saved each year.
A just tax system where everybody pays their fair share is essential for real democracy and equality. But companies and rich individuals hire teams of lawyers and accountants to exploit loopholes and make use of tax havens so they can avoid paying their fair share of tax.
Southern countries like Zambia and Tanzania are drained of huge sums of money that undermines their financial independence and robs them of money that could be used to fund social development every year. Global inequality will never be adequately tackled unless tax injustice is put on the political agenda and firm action taken to solve the problem. It will take co-ordinated action by governments North and South to establish a fair tax system at a global level. DDCI is urging the Irish government to take the initiative and act now for tax justice.