Have you ever wondered how much your local council is paying to companies with links to tax havens?
Research by The Fair Tax Foundation found that £37.5bn of public contracts were won by companies with links to tax havens between 2014 – 19 alone.
And although the UK Government has closed many tax avoidance loopholes in recent years, an estimated £17bn of corporation tax receipts are still going astray as a result of profit-shifting alone. This is where multinational firms exploit gaps in tax rules to move profits to low or no-tax locations.
This must end.
We’re demanding councils sign-up to a fair tax standard, so that no money goes to companies associated with tax havens.
Ask your council to stop buying services from tax dodging companies. It only takes 1 minute:
Local authorities can play a key role in addressing tax dodging companies.
Some councils have already signed-up , but the vast majority have not.