Green MP steps up campaign against UK’s billion-pound tax evasion crisis

A new Tax and Financial Transparency Bill, which could help the UK recover billions of pounds of lost tax by forcing companies to be more transparent in their accounting, is on the agenda for debate in Parliament on Friday 10 June.

The Bill, launched by Green Party Leader Caroline Lucas MP in March this year, is due for its second reading in the House of Commons – and will also feature on BBC Radio 4’s Decision Time programme tonight.

The Brighton Pavilion MP launched her campaign after posing a number of Parliamentary Questions to the Chancellor, in which she exposed the fact that H M Revenue & Customs is failing to prevent serious tax evasion which could amount to as much as £16 billion in lost tax.

She believes that urgent measures are needed to stop companies that are formally dissolved from trading fraudulently, thereby undermining honest businesses who do pay their taxes.

She is also calling for a requirement on multinational companies to publish information on where they make their sales, record their profits and pay their taxes, in order to ensure that corporations make a fair and proper contribution to society.

More details here.

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