McDonnell to make tax avoiders pay their fair share

What a joy to see John McDonnell quoting the £120 billion figure of tax avoidance, rather than the various fudged figures we’ve had since the Tories came into office.

Mr McDonnell said there would be an “institutional review” of a “whole range” of organisations to see whether they are fit for purpose, and called for renewed investment in the tax office to close down loopholes that allow large corporations to pay minimal tax.

The MP for Hayes and Harlington called for the introduction of a new “national bank” to help the UK’s long-term investment infrastructure.

Mr McDonnell also said he wants a return to separate government departments to manage public expenditure and help drive economic growth.

The new shadow chancellor highlighted an annual tax gap of £120 billion, saying that a “significant proportion” of that should be collected.

Source: John McDonnell Says Tax Avoidance And Corporation Tax Cuts Are ‘Appalling’

6 thoughts on “McDonnell to make tax avoiders pay their fair share

  1. malc

    significant proportion??? collect it all, put up said taxes and recoup what they have stolen from the rest of us!!! if they don’t like it take their assets and tell them to trade elsewhere!

    1. John Gaines

      They won’t do an Iceland though:
      Now Iceland is proceeding to actually prosecute some of their formerly most powerful bankers and the Icelandic special prosecutor has stated that it very well may indict some 90 people.
      Meanwhile, over 200 people, including the former chief executives of Iceland’s three biggest banks, face criminal charges for their activities. While I don’t agree with the judgment factor being used here, I understand that this is the step they feel right in taking.

      Hopefully more countries around the world begin to follow suit!

      Nah! just let them keep on swindling, a new swindle every Day:

      “According to Which?, 21 per cent of people who took out a new credit card over the past two years did so to make a balance transfer. However, most were unable to calculate the charges they would have to pay.

      Customers pay around £334m in balance transfer fees a year, but 68 per cent of people interviewed thought balance transfers were free.

      Which? also asked people to pick the card with the best balance transfer deal.

      Only a third could identify the cheapest card while another third actually chose the card with the highest balance transfer fees: £123 compared with £33”
      HERE WE ARE AGAIN, BANKSTER AT WORK….Danger to customer!

  2. Jeffery Davies

    I bet the coffee shop mc places amazon plc yes they will not like this but it was how it was everyone paid tax but todays tory way peasants pay all go john go

  3. AndyH

    I love the fact the Labour party are finally putting forward these arguments – for years only UK Uncut and the like promoted the truth.

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