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.
Close the “Mayfair tax” Loophole: this allows individuals to treat carried interest as capital gains, rather than income, significantly reducing their tax liability.
Tags: Tax Avoidance
