25 signatures reached
To: All those who have offshore savings and investments
Make 'We're in this together' real in post Covid-19 recovery
Bring money back in from offshore accounts to be taxed and contribute effectively to the post Covid-19 recovery of the UK economy. Make the statement 'We're in this together' real.
Why is this important?
The slogan, 'We're in this together' has been used a lot recently. The Institute for Fiscal Studies has suggested that a government deficit of over £200bn could be expected once this Covid-19 crisis is over. We have been told that everyone must be prepared to do their part to help the economy recover and prevent a second wave of austerity measures.
I would suggest that one way of aiding this recovery would be to call on all those who hold money offshore and in tax havens, to ‘do the right thing’, by bringing this money back in from these tax havens and offshore accounts, so that they pay tax on the money and aid in the financial recovery. In particular I would address this call to members of the government and those who make decisions in financial institutions. If 'We are in this together' and want to avoid austerity measures, this would seem only just.
There is currently no legal way of making this happen. I therefore hope that public opinion would be able to sway those concerned in offshore investment to make a moral decision to contribute to the recovery of the economy and therefore give credence to the statement, 'We're in this together.’
I would suggest that one way of aiding this recovery would be to call on all those who hold money offshore and in tax havens, to ‘do the right thing’, by bringing this money back in from these tax havens and offshore accounts, so that they pay tax on the money and aid in the financial recovery. In particular I would address this call to members of the government and those who make decisions in financial institutions. If 'We are in this together' and want to avoid austerity measures, this would seem only just.
There is currently no legal way of making this happen. I therefore hope that public opinion would be able to sway those concerned in offshore investment to make a moral decision to contribute to the recovery of the economy and therefore give credence to the statement, 'We're in this together.’
