A new Early Day Motion has been tabled in the House of Commons by Caroline Lucas and Jeremy Corbyn. It says:
General anti-tax avoidance principle
That this House notes and shares the public opposition to tax avoidance schemes like K2; believes that the Government should introduce a General Anti-Avoidance Principle to tackle tax avoidance, rather than a narrowly focused General Anti-Abuse Rule; further believes that unlike a narrow rule, a principle cannot be broken or circumvented by corporate lawyers or tax avoidance advisers; further believes that a principle, underpinned by a sensibly-financed HM Revenue and Customs (HMRC)clearance system, would be attractive to both businesses and HMRC, by creating a level playing field for all businesses so that all pay their fair share, whilst bringing in tax revenue to HMRCthat would otherwise go unpaid; and therefore calls on the Government to legislate for a principle that any financial arrangements made by a company or individual should not have as their primary purposethe avoidance of tax.
Please encourage other MPs to sign.
And thanks to Caroline and Jeremy for taking the initiative on this vital issue.
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Hello, Mr Murphy. First time I’ve written a reply, although I’ve been an avid reader for some time. I have just written to my MP with the following:
“Dear Ms Hillier
“Will you be joining your colleague Jeremy Corbyn in backing an early day motion he is co-tabling calling for a General Anti-Avoidance Principal, in order to assist in bridging the offensively large tax gap the UK has? http://www.parliament.uk/edm/2012-13/268
“I am not an economist, and nor am I a tax expert; however, it is my opinion that the former group have a lot of reputation-rebuilding to do after the fiasco of the last 4-5 years and beyond, and the latter are often beholden to the very groups we should wish to be more aggressively tackling, so I am hoping you answer in the positive, if you truly do not wish our society to become even more polarised. I am a former Labour voter who is in need of much convincing that Labour wants to truly tackle such mass abuses.
“Kind regards,”