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 trusts.
Trusts are a key vehicle for tax avoidance and illicit financial flows.
Labour will create a public register of all trusts showing their assets and beneficiaries.
“We will look particularly at trusts which transfer the residence of their trustees offshore, and those tax avoidance schemes involving trusts which are disclosed to the HMRC under the current law.”
Tags: Tax Avoidance
