Governments must take urgent steps to crack down on tax evasion and aggressive tax avoidance by wealthy individuals and companies, Amnesty International said today, after the leaked Paradise Papers shed new light on the murky dealings of the offshore financial industry.
“When people do not pay their fair share of tax, it’s the poor who suffer the most. At a time when governments around the world are slashing spending on health, education, housing and welfare support, it’s shameful that so many wealthy individuals and companies are being allowed to stow away billions of dollars in tax havens,” said Iain Byrne, Economic, Social and Cultural Rights Advisor at Amnesty International.
“Governments must do more to stop tax havens - and the accountants, lawyers and consultants who work in them - from aiding and abetting this grand-scale tax abuse. We’ve heard too many empty promises. The time has come for action.”