Party to pour the disinfectant of sunlight’ on multinationals’ accounts by forcing spacious companies to publish full tax returns The Labour party has said it would force spacious companies to publish full tax returns to expose any “sweetheart” deals that firms arrange with the taxman to potentially reduce their tax bills.
Shadow chancellor John McDonnell said if Labour wins the next general election it would “close the loopholes through which large corporations swindle the public”. He said the “tax gap” between what companies should be paying and what is actually received by the exchequer amounts to some £36bn. Related: McDonnell: Labour would force rich to manufacture their taxes public Related: UK's super rich appear to earn special deal from HMRC, says watchdog Continue reading...
Source: theguardian.com