Our $1 trillion chance

To leaders of G8 governments:

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. These should include ways to identify and exchange information on all forms of wealth and a public registry of who owns and controls companies. This is a vital way to fund solutions to our social and environmental challenges.
 
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Posted: 6 June 2013
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. For the sake of almost every issue we care about, let's make sure they feel the heat!

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