Don't reduce multinationals' tax, warns TUC

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The Independent Online

A TUC report out today threatens to upset the first meeting of the Treasury's advisory group on tax competitiveness tomorrow, when it will discuss proposed tax changes for multinational companies.

The TUC, a member of the advisory group, will warn ministers against reducing taxes paid by multinationals, arguing that this can only be paid for by raising tax on ordinary people or by cutting public expenditure.

At the meeting, the TUC will call on Alistair Darling, the Chancellor, to play a leading role in international efforts to ensure that business taxes are paid in the country where profits are generated. It wants the Government to work with the EU and other international bodies to strengthen anti-avoidance regulations and promote transparency around the world.

The survey shows that fewer than one in five voters supports moves to "reduce tax on the profits of large companies".

TUC general secretary, Brendan Barber, said: "If business gets its way it will mean higher taxes for the rest of us."

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