Tax Justice UK, the country’s leading campaigning organisation dedicated to fighting for a fairer tax system, has called on the Prime Minister to take the action needed to tackle tax avoidance in the wake of the release of the Paradise Papers.
With Britain braced for yet another scandal involving its tax havens, it is time for the UK Government to stop tolerating the systematic tax dodging schemes facilitated by some of its Overseas Territories, Christian Aid has warned.
Christian Aid has urged Theresa May to use the "full weight" of her government’s influence to persuade the UK’s Overseas Territories to end the secrecy around the ownership of companies hosted on their shores.
As new corruption data was released yesterday (25 January 2016), Christian Aid is asking why the UK has still not taken important actions that would make it harder for corruption to happen.
Ministers appear to be losing their nerve in their battle against dangerous secrecy in UK tax havens, in a shift that calls into question Theresa May’s seriousness about tackling tax dodging, Christian Aid is warning.
The Government has taken some welcome small steps against corruption but it has much more to do to get the UK’s own house in order, Christian Aid said yesterday as MPs debated the Criminal Finances Bill for the first time.
Commenting on today’s UK government proposals to fine professionals whose clients aggressively avoid tax, Christian Aid said the move could hit the global tax avoidance supply chain, by increasing the risks facing the accountants, lawyers, banks and others involved.
The first step in Theresa May’s plan to curb companies’ use of tax havens must be long overdue action against secrecy in tax havens controlled by the UK itself, says Christian Aid.
The UK will only successfully tackle corruption when its tax havens apply UK levels of transparency, Christian Aid said yesterday after the Queen’s Speech highlighted plans for action against money laundering, corruption and tax evasion.