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 withholding tax for abusive tax havens.
Labour will draw up a list of abusive tax havens and introduce sanctions against them.
“We will consult on the introduction of a withholding tax levied against any dividend, interest and related payments to individuals or companies in abusive tax havens.
“This will be deducted at source before any payment is made and remitted to HMRC.”
Tags: Tax Avoidance
