f governments fail to act in closing tax avoidance schemes and loopholes, there is a strong possibility that future profits resulting from lower taxes will simply end up in the pockets of senior managers in a tax haven, far out of reach of the British government and certainly not going towards helping the 1 million people who now rely on emergency food hand-outs. It is time for Labour to Act.
Britain is open for business, the Government is keen to say, and there are signs over the past few weeks that global firms are indeed looking seriously at entering the door. Yes, the UK offers a business-friendly tax culture. Yes, the workforce is trained and motivated in many areas. But there are complications that could trip up the unwary.
It seems that every day another company hits the headlines for behaving badly. The offences vary, it can be multinationals avoiding tax, banks wrecking the economy, energy giants polluting the environment, utilities price fixing, tech companies passing consumer data to governments or many other things.