JP Morgan paid no corporation tax at all in the UK in 2014, it was revealed recently [Image: Adrian Dennis/AFP/Getty Images].

The all-party parliamentary group on responsible taxation will bring together senior Labour and Tory parliamentarians determined to keep up pressure on ministers to ensure multinationals and others pay their fair share.

The group will begin work in the new year and be chaired by Labour MP Margaret Hodge, with ex-Tory minister David Davis as a vice-chairman.

In a departure for parliamentarians, it will hold meetings in public and ask ministers, tax experts and business people to attend for questions and debate. The first item on the agenda will be how to respond to G20 recommendations to crack down on corporate tax avoidance.

With evidence growing that the current tax on profits is unfair and too easily avoided, the group wants to debate whether it should be replaced by a new tax on location of activity and sales.

Source: Bid to stamp out corporate tax avoidance unites Westminster parties | Business | The Guardian

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