Follow the example of Scandinavian countries and make all tax returns over £1m a year publicly available. Transparency will cut down on avoidance and evasion, and encourage a more open civic culture.

Posted on 13-01-20 by Saffy Number of votes: 0 | Number of comments: 0

I propose Labour follow the example of Scandinavian countries and make all tax returns over £1m a year publicly available to view without requiring any citizen who wishes to view that information to submit a lengthy 'Freedom of Information Act' request. This type of transparency will cut down on tax avoidance and evasion, and encourage a more open civic culture.

 

I propose that this change not only applies to companies/corporations but also the directors of those corporations and any hedgefund/equityfund director registered in the UK and that a future Labour government lobby for the introduction of this change globally in all develope economies of the world (e.g. EU, US, Japan) and any country that wishes to have any economic access to the UK market.

 

I also propose that any data gleamed from this '£1 million tax return made publicly available to view to all' be used to not only investigate and implement 'gender pay-gap' discriminations in the UK corporate sector but also 'BAME pay-gap' discrimination in the UK corporate sector as well.

Referring to: Economy, Business and Trade

The Economy, Business and Trade Policy Commission develops Labour's economic and business policy, including industrial strategy and international trade.

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