Join with Oxfam to stop multinational corporations from dodging taxes
Multinational tax dodging is starving developing countries of much needed funds for development. Billions of dollars are hidden in tax havens around the world, fuelling inequality and holding back the fight against poverty. Government action to date falls far short of what is needed to tackle this global problem.
Globally, about $172 billion* is ripped out of developing countries due to tax dodging every single year. Australian-based multinationals contribute about $2.3 billion of this staggering figure. That’s money that should be put into schools, hospitals and live-saving water for kids in Papua New Guinea.
Secret ‘tax havens’ lie at the heart of this unfair tax system. They allow corporations to hide income and wealth offshore, untaxed and out of reach of tax authorities and regulators. They deprive governments of the resources they need to provide vital public services, like health and education, which are necessary to tackle spiralling inequality.
But despite talking tough on tax dodging, neither party has done enough to stop the use of ‘tax havens’. The government must close loopholes in legislation that allow multinational corporations to get away with not paying tax here and abroad. Crucial to this is tax transparency – corporations must fully disclose their profits and taxes publicly, for every country in which they operate.
Phoenix Rising For Children (PRFC) is an accredited out-of-home or foster care agency providing services in Sydney, including the greater metropolitan areas, Central Coast and parts of the Hunter region of NSW, Australia. PRFC was founded in 2001 to provide quality foster care to children and young people in NSW, including contemporary, quality, family-based foster care and effective and specialist support services to children and young people and their families. PRFC operates ethically, effectively and empathically with a view to achieving quality outcomes and a satisfying working environment, and as such we support organisations that encompass similar ideals.
Have you considered fostering a young one? PRFC undertakes regular planning and evaluation and has a focus on personal development and training. We are always interested in hearing from those passionate about making a meaningful difference for a child in foster care or a family requiring assistance. If you would like to become a foster carer and join our team providing effective and meaningful care to children and young people, please contact us!
We also provide family contact services, and these specialize in contact supervision for children in out of home care with their parents and other significant family members.
We can be reached at firstname.lastname@example.org
How you can help
Tell party spokespeople – Treasurer Scott Morrison, Shadow Treasurer Chris Bowen and Greens Treasury Spokesperson Adam Bandt that their current policies don’t go far enough – act now to Make Tax Fair.
“I care about the people in developing countries missing out on proper healthcare and education because of these multinationals dodging tax, and I will be voting for a party that demonstrates real commitment to tackling multinational tax dodging. We’ve had tough talk, now we need real action. Can you please tell me how your party will commit to closing all tax loopholes and help to end the use of tax havens?”