What is the issue?
Companies in the UK do not contribute their fair share of tax – partly due to tax avoidance, but also because the current government believes that it should ‘compete’ with other countries to attract investment by reducing tax rates and offering tax reliefs to companies. This forces individual taxpayers to pick up the tab, and leaves vital public services woefully underfunded. It undermines the fairness and sustainability of the British economy.
What will the project try to achieve?
Tax Justice UK will work with parliamentarians and other campaigning organisations to lobby the government to increase corporation tax rates and to launch a thorough and public review of corporate tax reliefs, analysing the costs and benefits of each and removing those that serve no useful purpose, and to clamp down on tax avoidance by introducing laws that require greater transparency and by increasing the resourcing of enforcement agencies, especially HMRC.
Who might be interested in this project?
Anyone with an interest in ensuring that our society is run for the benefit of all, and that we thereby able to reduce inequality, support stronger public services and build a fairer economy and society.