Middlesbrough MP Andy McDonald says: “These deeply worrying revelations in the so-called ‘Paradise Papers’ are further proof that this Conservative Government have completely failed to take the action required to end the scandal of tax avoidance.
“Labour is demanding immediate action. The Prime Minister or the Chancellor must come to Parliament to explain how this scandalous behavior has been allowed to go on unaddressed for so long and what action is to be taken now”.
Labour is proposing a Tax Transparency and Enforcement Programme to root out tax evasion and clamp down on tax havens. We will end the era of government turning a blind eye to the scandal of tax avoidance and work in partnership with leading tax experts to root it out.
“It is hardworking taxpayers who are being let down by the Conservatives who only last week voted down Labour’s amendments to the Finance Bill to tackle the scandal of tax evasion and avoidance.
“The Tories continue to deprive our schools, hospitals and public services of the funding they desperately need while refusing to take the required action to end the scourge of tax avoidance and evasion by the super-rich.
“Only a Labour Government will bear down on this scandal and take the action required to build an economy which works for the many and the not the elite few.”