G7 sides with tax dodgers leaving the public to pick up their bill

The handful of measures which were agreed are a long way from what is needed to end the era of tax havens.

May 27, 2016

"G7 leaders have sided with the tax dodgers and not the public. Despite all the talk of action, the G7 have missed this opportunity to end the destructive era of tax havens, and the world’s poorest people – especially women and girls, will pay the price.  

"The G7 failed to support measures that would prevent tax dodging  – including a global agreement that would require big business to publish information on how much tax they pay in every country where they operate, and a global public register of the real owners of businesses and trusts.  And they failed to recognise the need for all countries to work together to end the damaging race to the bottom on corporate tax rates.  

“The handful of measures which were agreed – support for existing OECD measures to tackle tax avoidance and build the capacity of developing countries tax authorities - are welcome, but a long way from what is needed to end the era of tax havens."

Speaking to the Canadian context, Lambert added:

"We were encouraged by the Government of Canada’s engagement with civil society prior to the G7 and the constructive role it played in the negotiations around gender equality. However, tax justice is a women’s rights issue too and we hope to see these connections better recognized by the G7 in the future."

For media inquiries:
Melanie Gallant
613-240-3047
melanie.gallant@oxfam.ca