Crackdown on tax loopholes announced by European commission

www.taxresearch.org.uk/Blog/2016/07/02/the-us-has-agreed-on-country-by-country-reporting-rules-for-multinational-corporations/

www.taxresearch.org.uk/Blog/2016/07/06/country-by-country-reporting-comparing-the-2005-demand-with-what-we-got/

The US has agreed to it. The EU has agreed to it. We haven't.

www.taxresearch.org.uk/Blog/2016/07/02/will-the-uk-become-a-bigger-tax-haven-after-brexit/

This is why.

@Luckygirl

There is nothing to stop the UK doing it - except for a lack of willingness to do so.

Last week, it slipped under the radar that Parliament rejected an amendment to the Finance Bill, which would have made taxation more transparent.

www.fairtaxmark.net/finance-bill-amendment-falls-narrowest-margins/

It all beomes rather clear and cynical really. And now they say they want to get rid of minimum wage and maternity leave...

Except that the government stopped the EU agreeing to it once before by using the veto.
Andrea Leadsom will not want to crack down on tax loopholes.

"There was further criticism when it was revealed that she had received a series of donations totalling £70,000 from a firm based in London but owned by her Guernsey-based brother-in-law, Peter de Putron, via a holding company in the British Virgin Islands tax haven. Leadsom's husband Ben is a director of the firm which made the donations, which were used to pay the salaries of staff in Leadsom's Westminster office after her election as MP; the firm has also made donations of £816,000 to the Conservative party. Because the firm making the donations, Gloucester Research (later becoming GR Software and Research) was based in London the donations conformed to the rule banning political donations from abroad. The Labour MP Tom Watson said: “These very large donations might be within the rules, but it certainly isn’t right that a Treasury minister has been taking money in this way. Most reasonable people will see this as completely unreasonable”."

There is nothing to stop Britain doing that or anything else it chooses. In our out is an irrelevance.