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Watch: This video by Oxfam will make you look at tax frauds in a new light

The world’s poorest people are being short-changed by more than $100 billion every year, by rules that allow tax dodging by hugely profitable multinational corporations. This is income that governments could use to pay for hospitals, clean water, schools that people living in poverty desperately need.

India loses US$ 41.17 billion (approx Rs 2629 billion) due to corporate tax avoidance, or 2.34% of GDP, one of the highest in the world. This amount can help save 40 million Indians from being pushed into poverty every year due to unaffordable healthcare expenditure.

Every year, more than two and a half million babies in the world die before they are one month old. In India around 1.08 million children under the age of five years died in 2015. That comes to two children dying every sixty seconds.

India is among the five countries (along with Pakistan, Nigeria, Congo and Ethiopia) responsible for half of all new-born deaths in the world, according to a UN report.

 


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