Responding to the Paradise Papers leaks, Labour MEP Alex Mayer has called for a commitment that Brexit won’t create more safe spaces for tax dodgers.
In a vote next month MEPs in the European Parliament will call for increased transparency by forcing European companies and trusts to reveal their real owners, a ban on so called “letterbox companies” set up with the intention of circumventing tax obligations and a shared list of tax havens and sanctions for those dealing with them.
Alex Mayer MEP said:
“The deeply worrying revelations are further proof that this Conservative Government have completely failed to take the action required to the scandal of tax avoidance.
While you and I pay our tax bills, the richest few carefully avoid them. Too many big companies and the ultra rich are getting away with exploiting legal loopholes and hiding their cash in tax havens.
Today we need a commitment from the Government of action right now to crack down on tax dodgers and that they will continue to cooperate with European partners post-Brexit.
Let’s get the cash out of off shore accounts and into our schools and hospitals.”