Corporations are rewriting the rules from international trade to taxes. For every $10 that a country receives in aid, it loses $15 as a result of corporate tax aversion. The reliance of corporations upon corporate tax loopholes and offshore tax havens deprives developed and developing countries alike the resources they need to bring people out of poverty. Tax shifting is estimated to cost the U.S. and Europe approximately $100 billion per year in lost tax revenue. Additionally, we find these same corporations included in the decision making for international trade agreements that impact the lives of millions of people. Is this the kind of power people of faith want to see corporations wield?
- Celeste Drake, (invited), Trade and Policy Specialist at the American Federation of Labor and congress of Industrial Organizations
- Lori Wallach (invited), Trade Lawyer, Author and Director of Global Trade Watch at Public Citizen