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DIVERTED PROFIT TAXATION (Tax Avoidance)

We would like the HMRC & UK Government to increase the diverted profit taxation from 25% to 50% in the United Kingdom. It means organisations would no longer getaway with the use of tax avoidance schemes like they were able to do in the past from April 2015.
Why is this important?

The UK public purse loses tax that can be used to fund much needed public services 25% is too low for the new tax rules.

Organisations that have little or no investment, in the UK and earn large sums for example:

An organisation made £3.3 billion they paid tax of £20.4 million small compared to if they were taxed 50 % through the new scheme:

The public purse would have gained £1.65 billion that could have went to the Government.

The consultation closes on the 4th February 2015.

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Currently ranked 46,092 out of 104,820 petitions ever created.

Diversity index: 100%

Status

Closed

Created By

Viran Patel

Created On

Friday 26 December 2014

Closing Date

Monday 30 March 2015

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