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Tax-dodgers can’t hide from Labour
McDonnell will make big businesses publish tax returns
TAX-DODGING corporations will have nowhere to hide under a Corbyn-led government as Labour announces plans today to force big companies to publish their tax returns in full.
In a bid to end the “scourge” of corporate tax avoidance, Labour plans to change company law arguing that tax avoidance schemes rely on secrecy and complexity to enable big companies to “shirk their responsibilities.”
According to HMRC, the tax gap between what is collected and what is expected is around £36 billion.
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