20% turnover tax for Global corporations

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20% turnover tax for Global corporations

Additional Information

We want the UK government to impose a 20% turnover tax on Global companies with a UK turnover of £50 million or above.

The turnover tax should be applied to any company that declares low profits in the UK but very high profits in a tax haven or low tax country AND where tax haven profits are largely contributed to by the UK arm of the same corporation.

Why should you vote for this petition?
* It is unfair for these global corporations to 'syphon' money from the UK in this manner.

* It gives many global companies an unfair competitive advantage which is slowly putting UK only businesses out of business.

* Such practices are often a tax on the lower classes of UK society, making millions for the most wealthy in society.

* This tax is far better than increasing the tax burden on ordinary people.

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