25 signatures reached
To: Rishi Sunak
Prevent coronavirus support for companies based in tax havens
The UK Government should follow France and Denmark’s lead by preventing access to coronavirus financial support for all companies, and their subsidiaries, headquartered in offshore tax havens.
The list of countries and jurisdictions considered to be tax havens for the purpose of this petition includes, but is not limited to…
American Samoa, Cayman Islands, Fiji, Guam, Oman, Palau, Panama, Samoa, Trinidad and Tobago, US Virgin Islands, Vanuatu and Seychelles
Why is this important?
Companies that headquarter themselves in tax havens choose to do so to avoid paying UK corporation tax and should not therefore be able to benefit from taxpayer funded state support, the bill for which will ultimately be paid for by everyone in the UK who does pay tax.
Allowing such companies to access coronavirus financial support is like allowing uninsured drivers to claim for accident damage – it clearly doesn’t make sense.
