End Dodgy Corporate Tax Arrangements - Pay To Play!!

Shortfalls in taxation (I.e.the funding for public services) is directly attributable to the global tax policies of companies who think HOW they trade doesn't matter. We should not accept tax dodging as an inevitable consequence of free trade. Director and shareholder behaviour will only change when transglobals realise these aggressive and anticompetitive policies are unsustainable. Moving, with immediate notice, to 'name and shame' will help consumers to make informed choices in future, and will cost offending transglobals both new and loyal customers as well as their reputation with shareholders and markets. If shareholders cannot create ethical and sustainable policies on their own account, they will have to be encouraged by Governments to do so.

As Government is aware, the EU The Anti Tax Avoidance Directive sets out a comprehensive framework of anti-abuse measures, containing five legally-binding anti-abuse measures, which all Member States should apply against common forms of aggressive tax planning. This includes measures to deter profit shifting to a 'low / no' tax country, to prevent double 'non-taxation' of certain income, to prevent companies from avoiding tax when 're-locating' assets, to discourage artificial debt arrangements designed to minimise taxes and the additional safeguard of the anti-abuse rule designed to counteract aggressive tax planning.

As an absolute minimum measure today, Government should immediately escalate a 'name and shame' policy to encourage consumers to be aware, so consumers can use alternative brands or local companies who fairly pay taxes in markets they sell to.

With Liam Fox looking to resurrect a new version of the dreadful TTIP or dubious CETA with the US, involving potentially highly contentious ISDS, we should demand to know why so many huge US companies play on this kind of uneven tax playing field, as well as make it clear that this is a global problem which individual nation states ARE willing to take on, in order to protect local competition and essential services for UK citizens.

UK Government should take a lead in saying we welcome trade and business, but not at any price. Pay to play!! Irrespective of the status of Brexi by 2019, the UK MUST ensure that it applies the EU Anti Tax Avoiance measure from 1 January 2019 ,which provide the minimum level of protection against corporate tax avoidance throughout the EU, while ensuring a fairer and more stable environment collectively for UK and European businesses in competition with transglobals brands.

In doing this, Government will need to distance itself from the antidemocratic influence of the far right press, as their vested interests are in continued tax avoidance loopholes, irrespective of whether their owners are British citizens, foreign born or foreign domiciled. The first priority must be to protect British companies and British public services.