Just days after the G8 agreed to support developing countries collect the taxes they are owed, a UK parliamentary committee has quashed a key piece of legislation that would have made the task easier. The Finance Bill committee voted against an amendment that would have required UK-based multinationals to report their use of tax avoidance schemes likely to have an impact on developing countries. The amendment was tabled by Labour members based on a recommendation from the Enough For Everyone IF campaign which says tax evasion by multinationals costs developing countries US$160 billion a year. (Ekklesia)