Oxfam response to announcement that some of Britain’s Overseas Territories have agreed to more tax transparency and sharing of tax information
Sarah Dransfield Senior Press Officer
2nd May 2013
In response to today's announcement that some of Britain's Overseas Territories (Anguilla, Bermuda, the British Virgin Islands, Montserrat and the Turks and Caicos Islands) have agreed to more tax transparency and sharing of tax information, Oxfam's Head of Development Finance, Emma Seery, said:
"This is a welcome move that shows what can be done when the UK gets serious, but this deal does nothing to help the poorest countries to reap the benefits and reclaim the billions of dollars that they are losing due to tax dodging.
"With one in eight people going hungry and millions of women still dying in childbirth in the poorest countries, the G8 is a chance for David Cameron to deliver on his commitment to help developing countries prosper. But information needs to be shared with developing countries too, otherwise the UK will be putting its own house in order while letting its neighbours' fall down."
Notes to editors:
David Cameron has said that his G8 will prioritise "putting our own house in order and helping developing countries to prosper".
For more information please contact: Sarah Dransfield on 01865 472 269 // 07767085636 email@example.com