According to the Financial Times (30 June), tax incentives for long-term investors would be the priority for an incoming Labour government, rather than cuts in corporation tax, Ed Balls has said. The newspaper also reported (27 June) that Labour would close the quoted eurobond exemption, ‘a tax loophole used to move profits to tax havens’, as part of a crackdown on avoidance aimed at delivering ‘fairness in the business tax system’.
According to the Financial Times (30 June), tax incentives for long-term investors would be the priority for an incoming Labour government, rather than cuts in corporation tax, Ed Balls has said. The newspaper also reported (27 June) that Labour would close the quoted eurobond exemption, ‘a tax loophole used to move profits to tax havens’, as part of a crackdown on avoidance aimed at delivering ‘fairness in the business tax system’.
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