29 April 2014 - Christian Aid has welcomed the Government's move to analyse Ireland's tax policy for possible impacts on developing countries.
Responding to this morning’s announcement, Christian Aid’s Head of Advocacy & Policy Sorley McCaughey said, 'We welcome today’s announcement by the Department of Finance that they will be analysing Irish tax policy to ensure that it is not having a negative impact on poor countries.
‘Continued focus on Irish tax policy and the role Ireland plays in facilitating large scale tax avoidance by multinationals makes it imperative that we are seen to be doing all we can to ensure that we are not depriving poor countries - many of which are Irish Aid programme countries - of badly needed revenue.
Mr McCaughey continued, 'Our research has shown that developing countries lose some $160 billion dollars each year because of international tax dodging – a figure which is much higher than those countries receive in overseas aid.'
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Notes to editors:
1. Christian Aid works in some of the world's poorest communities in around 50 countries at any one time. We act where there is great need, regardless of religion, helping people to live a full life, free from poverty. We provide urgent, practical and effective assistance in tackling the root causes of poverty as well as its effects.
2. Christian Aid’s core belief is that the world can and must be changed so that poverty is ended: this is what we stand for. Everything we do is about ending poverty and injustice: swiftly, effectively, sustainably. Our strategy document ‘From Inspiration to Impact’ outlines how we set about this task.
3. For more information about the work of Christian Aid, visit www.christianaid.ie