Governments around the world lose about £100 billion in revenues every year because of profit shifting to tax havens.
Britain cut the corporate tax bills for some of its biggest companies by a quarter in 2013, as public concern grows about the balance between austerity spending cuts and tax breaks.
Corporation tax is a core part of our tax system. On average it raises 10% of UK tax revenues. Calling for its abolition reveals a lack of understanding of its importance
It is a great pleasure to take part in this debate, and I commend my fellow member of the Public…
Liberal Democrat MP, Ian Swales, has called for the Government to take a lead internationally and police its financial borders with the same rigour as its physical boundaries and tackle corporate tax avoidance.