Introduce a minimum rate of tax on tax avoidance schemes to help fund the NHS
The introduction of a minimum income/corporate tax rate for individuals/companies would immediately raise tens of billions in additional tax receipts each year to help fund the NHS without the need to raise existing tax rates for the middle-classes, cut funding for benefits or borrow more money.
Currently, tax avoiders can legally reduce the tax liability on their income to next to nothing without any restriction or recourse!
Any individual/company based in the UK that uses a known avoidance scheme or has connected parties/subsidiaries whose effective tax rate is less than 15% should pay the new minimum tax rate.
The New 15% Minimum Tax Rate will apply to UK income and to all income recorded in low tax jurisdictions whether or not it is remitted back to UK.
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