{"id":33161,"date":"2016-04-12T21:16:34","date_gmt":"2016-04-12T20:16:34","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=33161"},"modified":"2016-04-12T22:21:52","modified_gmt":"2016-04-12T21:21:52","slug":"labours-ten-point-anti-tax-abuse-plan-is-a-good-start","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2016\/04\/12\/labours-ten-point-anti-tax-abuse-plan-is-a-good-start\/","title":{"rendered":"Labour’s ten point anti-tax abuse plan is a good start"},"content":{"rendered":"

Labour has, according to the Mirror<\/a>, published the following ten point tax plan:<\/p>\n

1 An immediate public inquiry \"to establish the harm done to the UK\u2019s tax revenue and consider detailed proposals for reform\". These could include forcing firms and trusts to publish more information.\u00a0<\/em><\/p>\n

2. Change the register of MPs' interests forcing members to publish all offshore holdings, no matter how small.<\/em><\/p>\n

3. Create a 'Specialised Tax Enforcement unit' in HMRC, doubling the number of staff who scrutinise the affairs of the wealthiest individuals and firms.<\/em><\/p>\n

4. Force foreign firms to list their owners and beneficiaries if they are bidding for public sector contracts.<\/em><\/p>\n

5. Negotiate an EU deal forcing to multinational firms to file public reports on their dealings, country by country, and protecting whistleblowers.<\/em><\/p>\n

6. Introduce a \"General Anti-Avoidance Principle\" and extend current rules to cover offshore abuses.<\/em><\/p>\n

7. Crack down on accounting tricks, including telling courts to ignore \u201cartificial steps\u201d inserted in transactions to try and reduce tax.<\/em><\/p>\n

8.\u00a0Work with banks to find out more about who owns the companies and trusts they work with.<\/em><\/p>\n

9. Introduce 'strict minimum standards' on transparency for crown dependencies and overseas territories like the British Virgin Islands - where more than 100,000 Panama Papers firms were based. That includes a public register of owners, directors, major shareholders and beneficial owners.<\/em><\/p>\n

10. Draw up plans for a register of trusts which transfer trustees' residence offshore and tax avoidance<\/em> schemes involving trusts which are disclosed to the HMRC under the current law.<\/i><\/p>\n

That's not quite the same list that I would have drawn up; I would have been tougher on country-by-country reporting, for example. But it's a good start, and I welcome it, even if I think it's only fair to say that I think I recognise some of my own thinking in there, so that may not be too surprising.<\/p>\n","protected":false},"excerpt":{"rendered":"

Labour has, according to the Mirror, published the following ten point tax plan: 1 An immediate public inquiry “to establish the harm done to the
 Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[79,118,80,10,55,32],"tags":[],"class_list":["post-33161","post","type-post","status-publish","format-standard","hentry","category-country-by-country","category-labour","category-secrecy-jurisdictions","category-tax-avoidance","category-tax-evasion","category-tax-havens"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/33161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=33161"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/33161\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=33161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=33161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=33161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}