Submitted on Monday 22nd October 2012
Published on Tuesday 23rd October 2012
Current status: Closed
Closed: Wednesday 23rd October 2013
Signatures: 19
Change corporate tax laws.
That HM Revenue and Customs be granted powers to charge a levy on all financial transactions between parent or subsidiary companies where the combined annual turnover of such companies exceeds £100M and where the main income from the transaction has been generated within the UK.
The levy shall be proportionate to the amount of corporation tax that would have been payable to HMRC had the transfer not taken place.
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