European Commission has taken a major step forward on tax avoidance
Under the new proposal, companies will be forced them to reveal where they make profits and where they pay tax
Under the new proposal, companies will be forced them to reveal where they make profits and where they pay tax
Corporations once lobbied politicians to win approval for their pet policies – now it’s the other way round.
Making it easier for British multinationals to shift the profits they make into tax havens makes no sense whatsoever, explains ActionAid’s Chris Jordan.
Tax changes being brought forward in the Budget could result in tax losses of £4 billion a year for poor countries and £1 billion for the UK.
Last year, the UK donated £4.2bn to poor countries. Now Osborne is considering changes that will allow multinationals to avoid paying £4bn to poor countries.