Thursday, May 22, 2008

Charity claims ‘false accounting’ is costing lives


Christian Aid claims 1000 children a day die because of ‘false accounting’, minimizing tax liabilities

Lives are being lost to disease and poverty in poor countries because of illegal trade-related tax evasion, Christian Aid claims in a report.

The charity has calculated the tax evasion costs the developing world at least $US160bn (₤81.5bn) in lost revenue a year and says the companies which are using ‘false accounting’ to reduce their tax liability are the culprits, Director of Finance reports.

See full Article.