Dodgy dealings at the G20?

Chris Jordan is Economic Justice Campaigns Officer at at ActionAid and writes about their new campaign – and the opportunity you have to suggest a question to be put to Treasury Minister Stephen Timms.

With the G20 newly anointed as the premier global economic forum, the final Finance Ministers meeting of the year of the in St Andrew’s on 7 November will provide a useful insight into just what kind of ‘G’ the 20 intends to be.

Will they take the path of the G8, making and breaking commitments on an annual basis, or take the opportunity to step up and deliver the deep-rooted reform and leadership and that the global economic system so obviously requires?

For developing countries, this choice is critical. Here at ActionAid, we’re pushing the G20 to keep the commitment made in April, to enable poor countries to tackle tax dodging by the end of this year.

Like the UK, tax dodging costs developing countries billions every year. Revenue losses not only make it harder for them to invest in the basic services needed to fight poverty, but also increase dependency on overseas aid. Poor countries are denied a key tool to make their long term development truly sustainable.

After much fanfare at the London Summit of ‘the beginning of the end for tax havens’, we’re still waiting for the veil of secrecy around the shadow banking system to be lifted.

Vince Cable argued in September, “A truly global deal where this information is shared automatically would help countries rich and poor alike.” Rich and poor countries alike would benefit from increased transparency around international taxation – which the G20 can deliver.

To put the focus on the utter ridiculousness of the current situation ActionAid has felt compelled to form The Outlandish Revenue Service.

Over the last couple of months, lots of people been going to seriously ludicrous lengths to help achieve tax justice – and the Treasury has taken note. This Thursday, I’ll be interviewing Treasury Minister Stephen Timms about tax dodging and the G20.

In the run-up to 7th November we have a real opportunity to get the issue of tax justice on the political radar.

I want your help to show the UK – and indeed world – leaders, that people want real change on this vital issue.

If you’ve got a question you’d like me to relay, submit it in the comments below and we’ll put them to Stephen.

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This entry was posted in The Independent View.
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2 Comments

  • If policy making is ever to improve in this country we need to ignore wealthy self-serving NGOs like ActionAid.

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