Tax avoidance: Tax havens

You can see the full challenge paperhere – Tax Avoidance, and the summary of the NPF discussions at Aston is here – Stability and Prosperity.

Conference in September will debate the issue and confirm final policy.

 

Prior to the Aston meeting of the NPF, the Stability and Prosperity Commission had put out a first draft and then a revised “challenge document” – a short document outlining the main issues for this priority issue set by Annual Conference.

The main challenges Labour has to deal with were identified as:

  • we need to ensure the tax system is fair, and seen to be fair
  • even UK-only businesses are using foreign countries to reduce the tax they pay
  • international action is the only way to produce a just outcome
  • do we tackle transparency in the Crown Dependencies and overseas territories first, or pursue international agreements?

After the final NPF meeting at Aston in June 2013, the conclusions agreed were:

  • there has already been agreement and new rules at EU level
  • we need to pursue international agreements, but this will take time, so in the meantime, we need to increase transparency
  • this should be a crucial policy area for Labour
  • we need to increase HMRC powers and resources to collect tax and tackle evasion

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