Open letter to UK Prime Minister

   0   0 Blog, Taxing corporations

Dear Prime Minister

The Huffington Post reports you saying:

“Frankly I don’t like any taxes.”

So, let’s see now. What exactly do you mean by that? Could you please elaborate on the following:


  • You don’t like any taxes – but which taxes do you prefer? In your government’s first budget you hiked the Value Added Tax rate – raising the tax charge on poorer households – but at the same time you gave large multinational corporations carte blanche to write Britain’s corporate tax laws, to eviscerate their effective tax rates.  Do you prefer taxing poor people to taxing rich people?


  • You have said that lower taxes on corporations would make Britain more ‘competitive.’ What exactly does it mean for a country to be ‘competitive?’ Please tell us if you can understand this analysis about tax wars. And if so, which bit of it is wrong? Please elaborate, with details.


  • You have said on several occasions that you would like taxes to be ‘lower.’ Let’s take corporation taxes. How far would you go? Down to zero? And if so, why stop there? Effective tax rates are becoming negative for some multinational corporations, and the trend is increasing.  Do you support welfare payments for powerful companies? If so, why?


Just asking.


Related Posts

New estimates reveal the extent of tax avoidance by multinationals

Price Waterhouse CoopersNew figures published today by the Tax Justice Network provide a country-level breakdown of the estimated tax losses to profit shifting by multinational companies. Applying a methodology developed by researchers at the International Monetary Fund to an improved dataset, the results indicate global losses of around $500 billion a year. The figures appear in a […]


Banking Secrecy in China, its related territories and Taiwan

Hong Kong from Sky 100Foreword. The Tax Justice Network is a non partisan network of experts working towards transparency, so we do not take any position about countries’ territorial and political claims. However, we do expect countries with a de jure (legal) or de facto (in practice) influence over other territories, to take responsibility for their power. We point […]


Is tax avoidance at the heart of Ireland’s economic miracle?

AIB International Finance Centre Dublin - By Estoy Aquí (Own work) [GFDL ( or CC BY 3.0 (], via Wikimedia CommonsComing out of the economic crisis Ireland was one of the best performing economies, with GDP growth rates of 8.5% in 2014 and an extraordinary 26.3% in 2015. But how much of this economic activity was real, and how much a fiction created by Ireland’s tax haven status? A new paper by Heike Joebges of the University […]


New Report: HMRC’s “Building our Future” programme

bigben-mcbigbenfaceYesterday the Tax Justice Network was in the UK Parliament to launch a report it co-produced with the Public and Commercial Services Union. The report, entitled “HMRC, Building an Uncertain Future” is a study of HMRC’s (the UK tax authority) reform plans which it is calling “Building our Future”. The report published yesterday analysed the […]


Financial secrecy in football: time for action

bigben-mcbigbenfaceEveryone has known for years that football is rotten to the core and financial secrecy is at the heart of the problem. Why then is no one doing anything about it? This post from the Offshore Game project originally features in the Independent. 


Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top