Make Tax Fair
When everyone contributes their fair share of tax, we all benefit.
Roads are built, children can go to school, and medical care is available to everyone who needs it.
But when multinationals don’t pay their fair share of tax, they make it much harder for developing countries to build stronger and healthier communities. Globally, multinationals are stealing USD$172 billion from developing countries every year and Australian companies account for a substantial amount.
In Oxfam’s latest report Buried Treasure, Oxfam estimates that more than $1 billion in profits were shifted out of Africa to tax havens by Australian mining companies in just one year (2015) - equating to up to almost $300 million in tax revenue that could have been used for vital services such as schools and hospitals.
Tax avoidance is reprehensible but these companies are not necessarily breaking any laws. That's why we are asking the Australian government to change the rules, making it harder for companies to avoid paying the taxes they owe.
When multinationals contribute their fair share of tax, people living in poverty have a better chance to build a better future – for themselves and their families. It would be small change for rich multinationals but it would make a big difference for people in the world’s poorest places.
The Australian Government has the power to make multinationals pay tax and help prevent extreme inequality from spiralling out of control.