Labour Party has declared a crackdown on companies dodging taxes in the UK.
Warning such companies that the “game is over”, shadow chancellor John McDonnell further said that some companies were avoiding paying their taxes “on an industrial scale”, denying the public money for services such as hospitals and schools.
“We’ll be demanding companies sign up to the Fair Tax Mark standards, demonstrating transparently that they pay their fair share of taxes,” McDonnell said in a keynote speech to Labour’s annual conference, adding: “Make it clear and make it loud, the warning to the tax avoiders is: the game is over.”
Global giants like Starbucks, Amazon and Google have been accused of avoiding taxes, though they deny any wrongdoing and there is no evidence to suggest that they have broken the law.
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