CHRISTIAN AID REPORT ON TAX HAVENS

Motion Text

That this House notes the report by Christian Aid and the Tax Justice Network drawing attention to the negative effect of offshore financial havens on the economies of developing countries; further notes that according to the report the economies of developing countries are deprived of $500 billion a year in lost revenue via tax evasion and offshore banking; further notes that of the 72 tax havens in the world, 35 are British territories or Commonwealth members; and calls on the Government to address this issue as a key part of efforts to alleviate poverty in developing countries.