date: 3 December 2012
embargo: For immediate release
Commenting on plans announced today (Monday) by the Treasury to tackle tax avoidance, TUC General Secretary Brendan Barber said:
'Five years after the TUC identified that tax avoidance was costing the country £25bn a year it's good to see ministers finally taking action to recoup this money.
'But none of the proposals announced today will force big companies like Starbucks and Amazon to pay more tax. To do this we need a far stronger General Anti-Avoidance Rule than the one the government is proposing.
'And the extra resources won't come close to covering the huge job losses the Chancellor has already made at HMRC.
'The government needs to be far bolder in closing the tax loopholes that allow big companies and wealthy individuals to avoid paying their fair share, leaving everyone else to pick up the tab.'
NOTES TO EDITORS:
- The Treasury announcement is available at www.hm-treasury.gov.uk/press_117_12.htm
- All TUC press releases can be found at www.tuc.org.uk
- Follow the TUC on Twitter: @tucnews
Liz Chinchen T: 020 7467 1248 M: 07778 158175 E: [email protected]
Rob Holdsworth T: 020 7467 1372 M: 07717 531150 E: [email protected]
Alex Rossiter T: 020 7467 1337 M: 07887 572130 E: [email protected]