A bill introduced on 15 March by MP Caroline Flint, a member of the Public Accounts Committee, has proposed that companies should have to file new-style financial reports with Companies House so that their global tax records are publicly available to all. ‘After years of tax scandals, the Chancellor has recognised that these company reports should be made public,’ said Toby Quantrill, a principal adviser on economic justice. If he did this, George Osborne would have cross-party support as well as the knowledge that he will be helping the UK and other countries to collect their fair share of tax from giant companies. Allowing politicians, investors, journalists, academics, campaigners, and fellow taxpayers to see multinationals’ country-by-country reports would pressurise companies to pay their fair share of tax in all the countries where they operate. Christian Aid joined more than thirty MPs in supporting this bill.
Economic justice
Written by David Fletcher 18 Mar 2016Additional Info
- Pray: for tax transparency and for full public country-by-country reporting in the UK; also for the Government to ensure that this reporting is implemented. (Ecc.5:10)
- More: www.ekklesia.co.uk/node/22849