In four weeks, the Chancellor is publishing the autumn budget. Looking ahead to this event, Tax Justice UK is publishing ’Tax Takes’, a new report that sets out some ways to build a better tax system to benefit everyone in the UK. These are bold prescriptions for change, not tinkering around the edges. The proposals cover a wide range of areas:
- Championing the role of tax in building a civilised and fair society
- Stopping ‘competition’ for corporate investment through tax cuts and giveaways
- Taxing the new economy
- Supporting social spending to reduce gender inequality
- Drawing the links between social justice, tax justice and transparency
- Resourcing and refocusing HMRC
- Requiring companies to calculate and submit figures on deliberately created tax risk
- Addressing the tax gap by creating an Office for Tax Responsibility and a Ministry of Tax
- Abolishing non-domiciled status