The G20 must take necessary steps to reform the international taxation system to stop wealthy tax dodgers, beginning at its Finance Ministers and Central Bank Governors meeting this weekend (22-23 Feb) in Sydney.
Oxfam says that billions of dollars are lost each year in tax loopholes and avoidance. This gap must be plugged. Much of this money should be spent on services such as health and education in developing countries, helping to lift people out of poverty and reduce their dependence on aid.
Oxfam spokesperson Dr. Helen Szoke, the chief executive of Oxfam Australia, welcomed news that the Australian Government had included international tax reform as a priority issue for its 2014 presidency of the G20.
See full Press Release: http://www.oxfam.org/en/pressroom/pressrelease/2014-02-21/reforming-international-tax-system-must-be-priority-g20
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