The new UK Prime Minister Theresa May set out her stall early, promising on the steps of Downing Street that her tax policy would "prioritise not the wealthy, but you" and pledging that "we have decided to do more to stop aggressive tax avoidance and to fight corruption". It all sounds very promising, but success will depend on how she puts her words into action. Ahead of her speech to Conservative Party Conference we look at what she can do...
Developing countries lose hundreds of billions of dollars every year to corporate tax avoidance. Healthcare, schools and other key public services are left starved of resources as they are deprived of tax revenues, often hitting women and girls hardest. And while tax policy can often feel remote and complex, it has real implications for millions of people living in poverty.
Instead of playing this tax avoidance game, we have to call tax avoidance what it is: tax dodging. It is wrong. At a time of deep economic insecurity after years of austerity economics, ensuring that enough tax is raised is a matter of national security. A Corbyn-led Labour government will make the changes that are necessary to make a difference.
We know what the inflationary impact of the UK sugar tax is. It is a massive £1 billion of additional national debt interest. We know this because the Guardian newspaper let this slip in one of their sub-headings a few weeks after the sugar tax was announced. People against Sugar Tax wrote to the Office for Budget Responsibility, and they confirmed this was the case. We were genuinely shocked at this astronomical figure.