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‘Tax justice’ petition calls for greater transparency

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A petition calling for government action to ‘identify those avoiding and evading tax’ has attracted almost 5,000 signatures.

The Chancellor should ‘force all multinational companies filing accounts in the UK to reveal their use of tax havens and publish what profits they earn and what tax they pay in each country in which they operate, without exception’, according to the petition created by Caroline Lucas MP on the government’s e-petition website.

Banks should be required to give details of all accounts they maintain for companies operating in the UK so that HMRC and Companies House ‘can chase any companies who pretend to be dormant to evade tax’, it adds. Lucas claims that the changes could help recover ‘billions of pounds’ of lost tax.