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Reaction: New tax transparency bill is great news for the world's poorest people

Posted by Melanie Kramers Senior Press Officer

1st May 2018

The Government has just announced that it will accept an amendment to the Sanctions and Anti-Money Laundering Bill which will require the UK's overseas territories to publish public registers revealing beneficial ownership of companies. 

Commenting on the amendment becoming part of the Bill, Rebecca Gowland, Oxfam's head of inequality, said:

"This is great news for the world's poorest people. Ending secrecy in UK-linked tax havens will help developing countries to recoup billions of lost revenue that could pay for much-needed schools and hospitals. These public services can make a massive difference to the lives of the poorest women and girls who most often miss out on healthcare or an education.

"Thanks to strong cross-party campaigning and public support, the UK is set to show real global leadership by standing up for tax transparency that will benefit both rich and poor countries. Now that the government has committed to this measure, we expect the House of Lords to follow suit."

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For an interview or more information about the impact of tax avoidance on poverty reduction, please contact Melanie Kramers:  / +44 (0)7825 088894

Blog post written by Melanie Kramers

Senior Press Officer

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