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Stop multinational companies’ tax avoidance by charging corporation tax based on proportion of the UK revenue to global revenue

To stop the multination companies avoiding tax payment in the UK by hiding their profits in the UK by moving them to other locations, the corporation tax should be changed to be based on percentage of the of revenue in the UK to the global revenue and be based on the global profits.
A multinational company with 1 billion UK revenue and 10 billion global revenue should pay corporation tax on 10% of their global profits.

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Signatories

14

Currently ranked 20,739 out of 101,822 petitions ever created.

Diversity index: 100%

Status

Closed

Created By

Masoud Ahanchian

Created On

Tuesday 27 November 2012

Closing Date

Tuesday 28 May 2013

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