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OUR $1 TRILLION CHANCE: TELL THE G8 LEADERS TO STAND AGAINST GLOBAL TAX EVASION


Business  (tags: world, abuse, money, politics, ethics )

Beverly
- 534 days ago - avaaz.org
As citizens concerned about companies and criminals hiding wealth out of reach, we call on you to agree and implement tough, binding measures to combat tax evasion.



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Comments

Beverly M. (86)
Friday June 7, 2013, 2:50 am
In days, governments will discuss whether to plug a gigantic $1 trillion per year corporate tax loophole - enough money to end poverty, put every child in school, and double green investment! Most governments want powerful multinationals to pay these taxes, but the US and Canada are on the fence. To get a deal, we need them to feel the pressure.

$1 trillion is more than every country combined spends on their military. It's bigger than the budgets of 176 nations. It's $1000 each for every family on the planet. And believe it or not, it's the amount that our largest corporations and wealthiest individuals evade each year in taxes.

This should be a no-brainer. To massively boost our public finances in a time of painful cuts and debt, all we need to do is ensure that everyone pays the taxes they're supposed to. But big US corporations are fiercely lobbying to protect their dodgy practices. A massive public campaign will help identify and hold accountable the two leaders - President Obama and Prime Minister Harper, who are considering siding with corruption over this gigantic step forward for the planet. Let's get to one million voices and then Avaaz will deliver our call to leaders and the media in the middle of the negotiations:

http://www.avaaz.org/en/g8_tax_havens_p/?bPeLEeb&v=25597

Apple, one of the world's wealthiest companies, paid basically $0 in tax on $78 billion they made in recent years by setting up shell corporations in low-tax countries and posting profits abroad. This kind of global tax evasion gives multinational firms a huge advantage over smaller domestic companies. It's as bad for a healthy market economy as it is for democracy and economic stability.

But in days, governments will consider a plan that would make it harder for companies and individuals to evade taxes by hiding their money offshore and in tax shelters. The plan would require countries to share information to expose where the money is hidden and require "fake" companies to reveal who's really behind them. If talks go well this week, the G8 could agree to the whole thing later this month.

In hard times, when governments everywhere are cutting spending on vital social priorities, it's particularly galling that the wealthiest get a free pass from paying their fair share. (Even more so when the hard times were caused by massive government handouts to bailout banks owned by the same people). Governments are finally getting serious about plugging these holes in our finances, but the US and Canada are falling sway to powerful business lobbies.

A large public petition that's well covered by the media will help highlight which countries are blocking the agreement, and make this a political issue for Obama and Harper to deal with. A powerful call from the world's people to choose to give a massive boost to our planet instead of preserving corrupt loopholes will also help these leaders to find their consciences and good sense. We can't let the lobbyists win this one in the shadows, let's bring the spotlight of public attention to this massive decision for our planet.

 

Candy L. (479)
Friday June 7, 2013, 3:25 am
Signed & Twitted, Thanks
 

Frans Badenhorst (556)
Friday June 7, 2013, 4:00 am
Thanks for acting to close the tax loopholes
Thanks for joining the campaign to close the giant loopholes and reclaim money that belongs to our kids and our communities.
 

Kit B. (276)
Friday June 7, 2013, 4:01 am

Signed.
 

. (0)
Friday June 7, 2013, 4:13 am
Signed and Noted.
 

Freya H. (313)
Friday June 7, 2013, 6:21 am
Noted and signed. When corporations use loopholes to evade taxes, they give capitalism and free enterprise a bad name. Real capitalism brings prosperity to all!
 

Allan Yorkowitz (447)
Friday June 7, 2013, 2:13 pm
signed
 

Ravenna C. (20)
Friday June 7, 2013, 5:18 pm
signed and noted
 

Past Member (0)
Friday June 7, 2013, 10:31 pm
Already signed, thanks Beverly. Thank goodness for Avaaz, their petitions are by far the most effective.

There are quite a few stories about this, I think, Avaaz petitions all have a slightly different link, so Care2 doesn't know they are duplicates.
But the more the better, imo.

 

Darren Woolsey (96)
Saturday June 8, 2013, 12:40 am
If I pay my taxes, I think it fair and reasonable that others should, rather than hiding behind accountants and fancy schemes that elude them...
 

Judy C. (109)
Saturday June 8, 2013, 2:46 am
Signed. Thanks Beverly.
 

Shanti S. (0)
Saturday June 8, 2013, 7:17 am
Thank you.
 

Robert K. (31)
Saturday June 8, 2013, 8:11 am
Another reason for the corporate death penalty. Every corporation that has shipped money out of the country to avoid taxes should have one year to repatriate the funds, pay the overdue taxes plus a 25% fine and if they ever attempt to do so again, every asset they own as well as every asset of their board of directors and their corporaate officers should be confiscated.

If corporations will not do what is right they should be destroyed and the pieces sold off to local small businesses at fire sale prices. And if that policy is instituted, it may seem to be bad for their investors, which would make their investors to demand they comply.
 

Susanne R. (249)
Saturday June 8, 2013, 2:00 pm
"Thanks for acting to close the tax loopholes."

Signed and noted! Thanks for posting this, Beverly!
 

Lois Jordan (56)
Saturday June 8, 2013, 2:08 pm
Signed & noted. Many thanks, Beverly.
 

Winn Adams (199)
Saturday June 8, 2013, 2:14 pm
Signed
 

Birgit W. (150)
Saturday June 8, 2013, 4:45 pm
Signed. Good luck with this one.
 

Christeen Anderson (538)
Sunday June 9, 2013, 3:41 am
Signed.
 

Leann Wells Huber (0)
Sunday June 9, 2013, 1:41 pm
Signed. I think that if people or companies evade taxes they shouldn't get any of the benefits of the taxes, which would probably shut them down. Hold everyone accountable!
 

Shirley B. (5)
Sunday June 9, 2013, 5:42 pm
N&S. TY Beverly
 

Jamie Clemons (283)
Monday June 10, 2013, 9:15 am
Its not the poor people that are on welfare that are taking advantage of the system. It is the rich that are the leeches.
 

Robert O. (12)
Wednesday June 12, 2013, 9:16 pm
Thanks for acting to close the tax loopholes

Thanks Beverly.
 

Mary T. (316)
Saturday June 15, 2013, 6:10 pm
Signed & noted - thank you Beverly
 

Sergio Padilla (62)
Tuesday June 18, 2013, 10:14 am
Done
 

. (1)
Sunday June 23, 2013, 12:42 am
N&S. I *love* Avaaz!
 

Klaus Peters (13)
Sunday June 23, 2013, 2:53 am
Definitely signed, thank you Beverly and Avaaz.
 
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