Skip to content

Osborne, Barclays, the Cayman Islands and tax avoidance

17 April 2012

Left Foot Forward reported today that on Monday, Action Aid delivered a petition of more than 33,000 signatures calling for the government to close tax loopholes to the Treasury. Labour has promised to lodge amendments to the finance bill legislation, and Department for International Development and Treasury shadows Rushanara Ali and Owen Smith, respectively, accepted a copy of the petition on behalf of the party.

Smith has complained that this isn’t the first time they’ve raised serious concerns over this issue with the government:

“In last year’s finance bill, Labour urged the government to provide a full impact assessment of the effect of the CFC changes on developing countries. In addition to repeating this call, we shall also be asking the government for assurances that the changes won’t cost jobs at home and won’t facilitate tax avoidance abroad.”

The finance bill will be debated in the House on Wednesday and Thursday.

You can read the article here.

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s