Tories in tax avoidance scandal

Stephen has been contacted by an unprecedented number of constituents, disgusted by tax dodging and querying what he would do about it if elected. More than 50 constituents have emailed him in the last two days on this issue.


Stephen writes, "Labour is clear that tax dodging is unacceptable. It is hard-working families who suffer most from poor services, because the privileged few have not paid what they owe. In the first year of a Labour government, we will change the law to tackle tax avoidance.

In particular, we will close loopholes used by hedge funds to avoid stamp duty or which allow some large companies to move profits out of the UK and avoid Corporation Tax. We will introduce penalties for tax dodgers and stop umbrella companies exploiting tax reliefs whose proper purpose is to help self employed people get on. We will scrap this government's 'shares for rights' scheme, which will lead to even more opportunities for tax dodging, and tackle the use of dormant companies to avoid tax by requiring them to report more frequently.

Given the urgency of this issue, Labour attempted to change the law on tax avoidance in parliament this week, but was defeated by both Tories and Liberal Democrats. In the light of the revelations that the Tories had given a ministerial position to Stephen Green, in the full knowledge of allegations that he had been involved in tax avoidance at HSBC, it is clear that only Labour take tax dodging seriously. The Tories claim to be prioritising cutting the deficit but are actually protecting the interests of a few privileged friends, while our public services are starved of funds."

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