25 signatures reached
To: HMRC & UK Government
(Tax Avoidance) Diverted Profit Taxation
We would like the HMRC & UK Government to increase the diverted profit taxation from 25% to 50% in the United Kingdom. It means organisations would no longer getaway with the use of tax avoidance schemes like they were able to do in the past from April 2015.
Why is this important?
The UK public purse loses tax that can be used to fund much needed public services 25% is too low for the new tax rules.
Organisations that have little or no investment in the UK and earn large sums for example:
Google made £3.3 billion they paid tax of £20.4 million small compared to if they were taxed 50 % through the new scheme:
The public purse would have gained £1.65 billion that could have went to the NHS, Schools, Fire Services, Legal Aid.
The consultation closes on the 4th February 2015.
Evidence: https://www.youtube.com/watch?v=4d5FZU64Bnw&x-yt-ts=1422503916&x-yt-cl=85027636
Organisations that have little or no investment in the UK and earn large sums for example:
Google made £3.3 billion they paid tax of £20.4 million small compared to if they were taxed 50 % through the new scheme:
The public purse would have gained £1.65 billion that could have went to the NHS, Schools, Fire Services, Legal Aid.
The consultation closes on the 4th February 2015.
Evidence: https://www.youtube.com/watch?v=4d5FZU64Bnw&x-yt-ts=1422503916&x-yt-cl=85027636
How it will be delivered
The petition will be delivered to the Government & HMRC on the 4th February 2015.
