TRACE THE TAX: TUI TRAVEL
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.
TUI TRAVEL won the 2009 World's Responsible Tourism Award, owns Thomson and First Choice holidays, and operates in nearly 180 countries.
***ACTION***
Sign below to add your name to the signatures on this letter being sent to the Chief Executive of TUI Travel.
Mr Peter Long
Chief Executive
TUI Travel PLC
TUI Travel House
Crawley Business Quarter
Fleming Way
Crawley
West Sussex RH10 9QL
Dear Mr Long,
Congratulations on winning the World’s Responsible Tourism Award 2009. Now we ask you to support more responsible tax reporting by companies.
The OECD has estimated that developing countries are losing more money through tax dodging than they receive in aid. That’s the kind of (tax) holiday which is no fun at all for the world’s poor.
Please help us on the journey to a fairer and more transparent tax system which would prevent tax dodging on this scale.
Support our call for a new international accounting standard requiring companies to declare 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.
Thank you.
Yours sincerely,
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