In March, the government announced a new tax loophole in this year’s budget, which will make it much easier for big business to dodge their taxes. This could cost developing countries £4 billion a year and the Treasury’s own estimates put the loss to the UK at £1 billion.
Our campaign to stop this new tax loophole damaging poor countries is really gaining momentum. MPs from the Labour, Liberal Democrat, Green and SDLP parties all back our calls for the government to investigate the impact of the new loophole on developing countries and try and prevent any damage.
We’ve only got a few weeks left to influence the Finance Bill before it becomes law. This is our last opportunity to push the government to rethink its plans.
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