UPDATE YOUR DETAILS AT www . gmb . org . uk
CRIMINALISE TAX EVASION
Labour argues that these measures are too little , too late – and not all of them are new . Cameron ’ s much-trumpeted plan to criminalise tax evasion was announced in 2015 , but never enacted .
Shadow Chancellor John McDonnell says : “ Labour ’ s Tax Transparency Enforcement Programme will stop the super-rich from hiding their wealth from legitimate taxes whilst the rest of us are told there is not enough money to pay for the public services we all rely on .
“ Under this government ,” says McDonnell , “ there has been one rule for the rich and another for the rest of us . Tax haven corruption is not just a tax issue – it drives at the very heart of our democracy and its credibility .”
The European Commission is proposing new laws to compel 6,000 big multinationals , like Google and Amazon , with a turnover
“ The prize is £ 34 billion in unpaid UK taxes every year – which could help save the NHS and public services .”
CURE THE DISEASE GMB members ’ jobs in hospitals could be protected with taxes recovered .
If country-by-country reporting fails to cover all parts of the world , it would be
‘ worse than useless ’, the charity warned .
At his much-vaunted international anti-corruption conference in London recently , Cameron promised a new era of transparency to beat the tax
dodgers . It takes one to know one , of course , and his pledge to end corporate secrecy across the globe should be taken with a bucket of salt . But the public appetite for change is now irreversible , and Labour has finally found a big cause to fight for the common good as well as bash the Tories .
© iStock . com x 2 / Andrew Wiard x 4
exceeding £ 600 million , to declare where they make their profits , and pay taxes in those countries .
This would end the scam of companies feeding their ill-gotten gains to low-tax countries like Ireland and Luxembourg . But it ’ s still only a proposal . New laws would require all 28 EU member states and the European Parliament to approve the reforms , which will not come into effect until 2018 , though they could eventually recoup £ 56 billion in revenue currently lost annually by tax avoidance .
Oxfam condemned the piecemeal proposals and said they are not enough to end tax dodging that robs the world ’ s poorest people of billions in lost revenue each year .
UNFAIR TREATMENT The rich are getting away with unpaid tax while the rest of us pay .
Labour ’ s tax pledge
• Force all MPs and peers to disclose details of any offshore investments they hold
• Increase resources for HMRC to investigate potential breaches of the law , politicians facing conflicts of interest and the tax arrangements of businesses and wealthy individuals
• Set up a “ beneficial ownership register ” revealing the ultimate ownership of foreign companies when they bid for contracts in the British public sector .
www . gmb . org . uk 15
UPDATE YOUR DETAILS AT www.gmb.org.uk
CRIMINALISE
TAX EVASION
Labour argues that these measures are
too little, too late – and not all of them are
new. Cameron’s much-trumpeted plan to
criminalise tax evasion was announced in
2015, but never enacted.
Shadow Chancellor John McDonnell
says: “Labour’s Tax Transparency
Enforcement Programme will stop the
super-rich from hiding their wealth from
legitimate taxes whilst the rest of us are
told there is not enough money to pay for
the public services we all rely on.
“Under this government,” says
McDonnell, “there has been one rule for
the rich and another for the rest of us.
Tax haven corruption is not just a tax issue
– it drives at the very heart of our
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