The document calls for tax justice reforms to help address economic issues caused by the financial crisis and raise funds to support public services and fight poverty. Specifically, it calls on politicians to support a small tax on banks, ensure multinational companies pay all taxes owed in countries where they operate, and increase transparency in company financial reporting. Achieving these tax justice goals could generate billions to help economies and reduce poverty worldwide. The election presents an opportunity to pressure candidates to address these issues.
1. Its election time… Put tax justice on the map Photo: Kristian Buus/ ActionAid
2. The financial crisis has left the economy in a mess We’ve been through the deepest recession on record
3. We’re facing An enormous deficit … Cuts in public spending… Tax rises
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5. Politicians are talking about “ Savage” cuts on public services Nick Clegg “ Difficult decisions” to cut the deficit David Cameron The "tough truth” and “hard choices" for the economy to recover Gordon Brown
6. But there is another solution , which could make a big difference…
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8. Tax revenues are essential for all countries. In developing countries they pay for things such as doctors and teachers’ salaries that can’t be easily covered by short term aid. Photo: G.M.B.Akash/Panos/ActionAid
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13. Without tax justice, children will continue to be denied an education. International aid can help build schools – but teachers have to be paid by government tax revenues. Akalam Amlama works in Miyuyu village in remote southern Tanzania. His village now has a school, but he’s faced with the impossible task of teaching 170 children on his own. “ I have to teach the children one grade at a time, while the other children have to go outside and play!” Photo:Andrew McConnell/Panos Pictures/ActionAid
14. Two… Multinational companies to pay all the taxes they owe both here and in poor countries Poor countries lose more to tax evasion by multinationals than they receive in aid.
15. Many multi nationals siphon their profits out of poor countries (and indeed the UK) into tax havens. The first step to tackle this is greater transparency. At the moment companies only have to publish one global set of accounts.
16. We want them to publish a basic set of accounts in every country they work in. This would make it clear to everyone which companies are paying their fair share, and which are dodging the taxes they owe. 1 staff member = £10m profit. That’s worth investigating…
17. Both solutions could raise billions for our economy and for poor countries around the world.
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20. The election is going to be really close. Politicians will be listening to what you have to say