Tax avoidance strategies used by some multi-national companies working in the developing world have been described as ‘morally illegal’ said Malcolm Broad, treasurer of the Baptist Union, speaking at the Baptist Assembly in Blackpool. ‘About 60% of all multi-national companies use off-shore tax havens,’ he said. ‘It creates a world imbalance between the haves and the have-nots.’ The assembly overwhelmingly agreed with a resolution calling for tax to be paid where it has been earned. Malcolm Broad agreed reducing revenue demands by moving money to a more favourable tax regime is not illegal, but he says it can have devastating effects on those countries who don't receive their full quota. He told BBC Radio Lancashire: ‘Nobody wants to pay tax, but the taxes are used to pay for the likes of hospitals and education. If tax is avoided where that need is great, then all that does is keep those countries poorer than they are today.’

Pray: for a more morally positive attitude to tax payments by all companies. (Ro.13:6)

More: http://www.bbc.co.uk/news/uk-england-lancashire-13360191