Big corporations and the super-rich are hoarding their wealth in tax havens to avoid paying their fair share of tax – money that we urgently need to rebuild our public services and tackle the climate crisis.
But right now, country delegates at the United Nations are negotiating a new global system for tackling tax dodging, as part of a new UN Tax Convention – the UK must back it or be left behind.
$1 trillion – £785 billion – of corporate profits are shifted into tax havens every year. The wealth of the world’s super-rich is rapidly increasing – while schools lack funding, the NHS is short of staff, and the climate crisis is intensifying.
We can’t let big business and the super-rich get away with dodging tax while these crises get worse.
The UN Tax Convention is a groundbreaking new agreement, which could see countries work together to tackle tax dodging. It could expose tax havens, and force big business and the super-rich to pay their fair share. In the long-run it could pave the way for a tax on the excessive wealth of billionaires or the climate-wrecking emissions of large corporations.
But if we want a strong UN Tax Convention which really changes our economic system for the better, we have to demand it.
So, will you write to your MP now and urge them to back a UN Tax Convention?
