LIVERPOOL, England (Reuters) – Britain’s opposition Labour Party will demand corporations reveal they pay their justifiable share of tax, its finance spokesman John McDonnell mentioned on Monday.
The Labour Party’s shadow Chancellor of the Exchequer John McDonnell speaks on the social gathering’s conference in Liverpool, Britain, September 24, 2018. REUTERS/Phil Noble
McDonnell mentioned some corporations have been avoiding paying their taxes “on an industrial scale”, denying the general public cash for companies reminiscent of hospitals and colleges.
“We’ll be demanding companies sign up to the Fair Tax Mark standards, demonstrating transparently that they pay their fair share of taxes,” McDonnell informed his social gathering’s annual conference.
“Make it clear and make it loud, the warning to the tax avoiders is: the game is over.”
Reporting by Kylie MacLellan; modifying by Michael Holden