Tax Transparency

Eight people in the world currently own the same amount of wealth as 3.6 billion people.*beneficial_ownership_post_card_.jpg

When people don’t have to be honest about the companies they own, it means they can hide money overseas and not pay their fair share of tax.

This is unfair, and part of the solution includes tax transparency. When companies can hide their profits, governments loose out on funding for schools, hospitals, roads and life saving programs for people.

 

What you can do:

Write an email to The Hon Kelly O’Dwyer MP, Minister for Revenue and Financial Services, asking her to help implement a public registry of the true ownership of companies and trusts, where these assets are held, and who benefits from them.

This will ensure people in developing countries as well as Australia get the money that’s rightfully theirs.

EMAIL:     Kelly.O'Dwyer.MP@aph.gov.au

Suggested Text:

Dear The Hon Kelly O’Dwyer MP,

Minister for Revenue and Financial Services

 

When people don’t have to be honest about the companies they own, it means they can hide money overseas and not pay their fair share of tax.

If governments in developing countries can’t fund services with taxes, it can often mean the difference between life and death.

Please introduce a law to create a public registry of the true ownership of companies and trusts, where these assets are held, and who benefits from them. Please work to ensure this becomes a new global standard.

This will ensure people in developing countries as well as Australia get the money that’s rightfully theirs.

 

 

*D. Hardoon. (2017). An Economy for the 99%: It's time to build a human economy that benefits everyone, not just the privileged few. Available at: https://www.oxfam.org/sites/www.oxfam.org/files/file_attachments/bp-economy-for-99-percent-160117-en.pdf