TRACE THE TAX: INTERCONTINENTAL HOTELS GROUP
Developing countries lose out on an estimated $160bn every year - more than they get in international aid - because of tax dodging by unscrupulous companies.
This money could be paying for services like sanitation, access to water, health and education. Instead, 270m children don't have access to health services and 72m primary-school-aged children aren't getting educated.
But it doesn't have to be this way. Some of the biggest companies in the UK have the power to help end poverty and get these services provided.
We've picked four FTSE100 companies because they can lead from the inside, and raise the call for new global accounting rules that require firms to report the profits made and taxes paid in every country they operate in. This would help poor countries and their citizens trace the taxes they’re owed.
INTERCONTINENTAL HOTELS GROUP owns Holiday Inn and Crowne Plaza and has 4,400 hotels in 100 countries.
***ACTION***
Sign below to add your name to the signatures on this letter being sent to the Chief Executive of Intercontinental Hotels Group:
Mr Andrew Cosslett
Chief Executive
Intercontinental Hotels Group PLC
Broadwater Park
Denham
Buckinghamshire UB9 5HR
Dear Mr Cosslett,
According to UNESCO, 72 million children of primary-school age and a further 71 million adolescents do not go to school – about the same as the number of people that stay in your hotels every year.
With a fairer and more transparent global tax system in place, governments could afford to provide primary education and other basic services for all.
Please give our call for greater tax transparency a welcome reception. Support a new international accounting standard requiring companies to report on their profits made and taxes paid in every country where they operate.
Ask your auditor to back it and the International Accounting Standards Board to introduce it.
Change is happening in your re-branded Holiday Inns.
Now be part of the change to end global poverty.
Thank you.
Yours sincerely,
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