Labour’s 17-point tax avoidance clampdown plan
By Mark Battersby, 15 May 17
As voting day for the UK general election rapidly approaches, the Labour party has spelled out a wide-ranging 17-point plan to tackle tax avoidance and public filing of the tax returns of wealthy individuals earning more than £1m.
A register of beneficial ownership of companies.
Labour will require disclosure of all shareholders above a minimal value, instead of only those holding over 25%.
It will not permit the real owners and beneficiaries to hide behind nominee shareholders and directors. No overseas company will be permitted to be a director of any UK company without meeting the UK transparency standards.
Tags: Tax Avoidance
