Legislate against all tax avoidance schemes, ban taxpayer funding of tax avoiding companies
It is vital that all competitors are allowed a level playing field, and that large players cannot gain an unfair advantage through ’Taxation Asymmetry.’
I propose 2 measures:
1. Ban all taxpayer funding of tax avoiding companies. Public funds should not be provided to tax-dodging companies, in the form of subsidies, outsourcing contracts, procurement contracts etc..). If they are not a British based company (or registered subsidiary) that pay their fair share of taxes, they mustn't get a penny from the government.
2. A ban on tax avoidance schemes. A change to the tax code should be made to legislate that if a scheme is for the explicit purpose of avoiding tax, then it is a criminal activity.
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