ActionAid has calculated that an estimated $300 billion is lost every year by developing countries through a combination of corporate tax avoidance and tax deals. That is equivalent to twice the amount spent on aid last year.
The money lost could instead help fund vitally needed education, health and sanitation programmes in some of the world's poorest countries, a new ActionAid briefing paper - Post 2015: Business as Usual or Bending the Arc of History - has argued.The paper is being launched today in New York in advance of the meeting of the United Nations General Assembly.
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