Reverse Compound Interest Formula

Put an end to tax havens: Inspiraction

www.InspirAction.com

Press Release:

civil society around the world come together to ask the G-20 to end the secrecy of tax havens
Madrid, February 2011 - Organizations around the world launched a campaign for President Sarkozy a commitment to end the secrecy of tax havens during the G20 summit to be held this year in France.

Among the organizations behind this campaign, presented at the Social Forum being held these days in Dakar, including the English InspirAction and Oxfam, as well as NGOs and international coalitions that promote justice fiscal .

"We have thousands of activists around the world will unite with one voice demand an end to the financial opacity of tax havens" says Isabel Ortigosa spokesman of the NGO InspirAction.

"They are the member states of the G-20 that have the power to compel those courts to end the impunity that protects large fortunes and businesses to avoid taxes, pay or receive bribes and money laundering."

irresponsible practices by some unscrupulous multinationals now account for tax costs for most developing countries that receive international aid. These benefits, instead of being in the states where real activity is generated, is derived from tax havens.

"Remove the secrecy of tax havens reduce tax evasion and allow governments of poor countries have the resources to increase social spending at home and be more effective in the fight against poverty and inequality " adds Isabel Ortigosa.

From the website of the coalition www.noalosparaisosfiscales.org citizens may address this message to the world's top leaders:

"Tax losses each year exceed 160,000 million dollars in the whole world at a time when the global financial crisis has forced to make drastic budget cuts national.

Each year developing countries lose more money from tax evasion to receive in development aid. Therefore, the G20 member states must act now against this injustice and put an end to tax havens "

list of organizations behind this campaign: InspirAction (Spain), Oxfam (Spain), Christian Aid (United Kingdom), Tax Justice Network Africa, Tax Justice Network (UK), Global Financial Integrity (USA), Action Aid, Oxfam, Terre CCFD Solidaire (France), CRBM (Italy) and Eurodad (coalition of European).

Say NO to tax havens !