Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Paradise Papers: NZ Govt urged to demonstrate leadership

Paradise Papers: NZ Govt urged to demonstrate leadership on global tax avoidance - Oxfam

The New Zealand Government has a huge opportunity to demonstrate leadership on the global stage in reforming the worlds rigged and unjust global tax system, Oxfam said today.

“The Paradise Papers have laid bare the extent to which multinationals and extremely wealthy individuals continue to exploit a broken global system that allows them to avoid paying their fair share of tax.” said Rachael Le Mesurier, Executive Director of Oxfam New Zealand.

“It’s time for the world’s political leaders to put the interests of the public – who are paying their fair share of taxes - over corporates and the super-rich and put a stop to tax scandals like this, once and for all,” she said.

“Tax avoidance fuels poverty and inequality everywhere. When the super-rich and corporations such as Apple and Nike avoid taxes, ordinary people - and particularly the poorest - pay the price as governments, especially in developing nations, increase their taxes or cut funding for vital public services.

“Tax cheats are robbing governments in the poorest countries of much-needed funding for clean water, education and healthcare. Corporate tax avoidance alone costs poor countries at least $100 billion every year - enough money to provide an education for 124 million children and prevent the deaths of at least six million children.

“When it comes to tax it is still one rule for the super-rich and another for everyone else,” said Le Mesurier. “This is unacceptable in a system that funnels tax revenue away from where it is needed most in developing nations - where many of these multi-nationals earn revenue.”

Oxfam is calling on the New Zealand Government to be part of a global solution for greater tax transparency and close the loopholes that allow companies and the super-rich to avoid tax.

Le Mesurier said Oxfam welcomes Labour’s commitment to establish a Tax Working Group and the opportunity it provides New Zealand to demonstrate leadership on a global scale in reforming the worlds broken tax system. Oxfam urges that the terms of reference for the group include NZ joining the global momentum for greater tax transparency.

“New Zealand has a real opportunity here to work with other political leaders and shut down tax havens by establishing a global tax haven blacklist; end tax secrecy so that its clear if corporations and the super-rich pay their fair share of tax; and kick start a new round of tax reforms that rebuild the tax system in the interests of the majority and not the few.


“Tax transparency is an essential step in fighting global tax avoidance. We need multinationals to publish their profits, taxes and assets for every country in which they operate. Making this information public would mean we don’t have to rely on leaks and scandals to find out if companies are paying their fair share.

“It’s time for global corporations to clean up their act. Until real action is taken, the super-wealthy and big companies will continue to shirk paying their fair share of taxes – and ordinary people and the world’s poorest pay the price.”

//Ends//


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Science Advisors: Stopping Family Violence – The Evidence

A new report “Every 4 minutes: A discussion paper on preventing family violence in New Zealand” by Justice sector Chief Science Advisor, Dr Ian Lambie, discusses the evidence and asks us, as a community, to get involved...

Dr Lambie says family violence is widespread and goes on behind closed doors in all suburbs, affects the childhoods of many New Zealanders, and disturbs adult and family relationships. More>>

 

Conflicts, Inadequacies: IPCA Finds Police Investigation Flawed

The Independent Police Conduct Authority has found that a Police investigation into inappropriate contact between a teacher and a student in Gisborne in 2014 was deficient in several respects. More>>

ALSO:

PM's Press Conference Multimedia: Grace Millane, ACC Levy Hold, Absent Execs

Prime Minister Jacinda Ardern began her Monday post-cabinet press conference with an emotional comment on the murder of English backpacker Grace Millane. More>>

ALSO:

Child Poverty Monitor: Food Poverty Due To Inadequate Income, Housing Cost

The latest Child Poverty Monitor released today by the Office of the Children’s Commissioner reveals alarming facts about children suffering the impacts of family income inadequacy, says Child Poverty Action Group (CPAG). More>>

ALSO:

Open Government: Proactively Release Of Ministerial Diaries

All Government Ministers will for the first time release details of their internal and external meetings, Minister for State Services (Open Government) Chris Hipkins announced today. More>>

ALSO:

Billion Trees: Questions Over Shanes Jones Carbon Claims

“Officials estimate the actual value of the One Billion Trees (OBT) scheme will be just a third of the amount Mr Jones claimed, at about $900 million, and that he padded the number by including $800 million of ETS benefits and $1 billion of business-as-usual activity..." More>>

'Sovereignty Concerns': Plans To Sign UN Migration Pact

New Zealand is likely going to sign up to a United Nations migration pact this week as long as it can iron out a concern around sovereignty. More>>

ALSO:

Most Vulnerable Face Most Risk: Sea Level Rise Threatens Major Infrastructure

The burden of sea-level rise will weigh on the most vulnerable unless a new approach is developed and legislated, a new report says. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels