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Jubilee Statements

Monitoring the impacts of government and corporate behaviour in communities overseas.

Tax Justice Network formed in Australia

Release Date: 22-Nov-2009

An estimated 50% of world trade passes through one of the world's 70 tax havens, costing developing countries an estimated US $160 billion each year, more than the total amount of global aid they received in 2008.

This tax evasion by multinational corporations could be curbed if the G20 governments agreed to put in place mandatory regulations.

Ahead of the G20 Finance Ministers' Meeting held in St Andrews in November 2009, the newly formed Tax Justice Network Australia sent the Treasurer a letter.