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Re: 2015 UK General Election Thread
After the Non-Doms, some other ideas how Labour can collect more tax (some of them I would support).
http://labourlist.org/2015/04/after-...ce-in-britain/
This one may affect quite a few people, though.....
Quote:
Improve transparency
One of the easiest ways to tackle corruption within the tax system is to improve transparency, especially in the cases of tax havens and secrecy jurisdictions.
From 2016, UK banks will have to share information on all foreign-owned companies to which they supply services, but there is currently no obligation upon them to share this data with HMRC. In future, every UK bank should be required to collect and share this information on UK company directors with both HMRC and Companies House so that it can be used to ensure tax is paid.
There is also a need to better regulate the digital economy to make sure that large companies, such as Amazon, but also smaller companies and individual traders, pay the right amount of tax in the UK. Organisations such as Paypal, eBay, Visa and Mastercard should be obliged to supply information to HMRC on any person or company that has a trading account.
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