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The Guardian - UK
The Guardian - UK
Business
Richard Brooks

The tax gap debate: Labour MP makes a stand in Commons

More parliamentary action on tax avoidance to report, this time from the long-standing anti-tax avoidance campaigner and Labour MP Austin Mitchell.

The objects of Mitchell's ire are the banks and the accountants. In early day motions tabled this week, he condemns accountants' advisory activities, including "transfer pricing, artifical loans, inflated management charges, special purpose vehicles, joint ventures, fictitious assets, offshore schemes and secretive trusts, all designed to deprive the Treasury of billions of pounds of tax revenues which in turn forces the Government to curtail social investment and shift the tax burden on to ordinary individuals".

When it comes to the banks, Mitchell calls on the government "to decline to provide financial support to banks engaged in devising, marketing and implementing tax avoidance schemes that have no economic substance".

Have a look at the EDMs and perhaps drop your MP a line urging him or her to sign up if you agree – and keep following the Guardian's series for more on these matters.

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