David Jetuah, Accountancy Age, Wednesday 26 May 2010 at 10:49:00

Development agency calls on the UKs biggest plcs to back calls for a moretransparent accounting standards in poor countries where these companies mayhave subsidiaries


Christian Aid has asked thousands of its supporters to lobby the FTSE 100 asthey continue pressuring multinationals? on their tax practices.

The body would like to see country-by- country reporting introduced, to shedlight on how much tax is paid on profits generated in poor countries.

On Wednesday, the development agency says it has contacted "thousands of itssupporters," asking them to encourage leading firms such as Marks &Spencer, Rolls Royce, BT and Barclays to respond to a Christian Aid survey abouttax and development.

"We have written to all the FTSE100 companies, seeking their views onquestions such as whether businesses have a social responsibility to pay tax inpoor countries and whether they would support the introduction of a new, moretransparent accounting standard," said Judith Cavanagh, Christian Aid?s CampaignManager, Economic Justice.