We store cookies on your device to make sure we give you the best experience on this website. I'm fine with this - Turn cookies off
Switch to an accessible version of this website which is easier to read. (requires cookies)

Stephen Williams: Special treatment for big corporations is simply unacceptable

December 20, 2011 9:50 AM
Originally published by UK Liberal Democrats

"We all know that times are tough for Government finances. In order to sort out Labour's mess there has to be a mixture of increasing tax revenue and restricting the growth of spending. At the same time the taxman must collect all the tax that is due. Special treatment or even the perception of special treatment for big corporations is simply unacceptable.

"It is sometimes understandable in highly complex tax disputes that HMRC settles out of court. But when it comes to public money being lost through vast tax settlements, the taxman needs to be more transparent. The public must be able to see they how they are negotiating with big companies so they can see if special treatment is being given."

Stephen Williams has tabled an Early Day Motion calling for a general anti-avoidance rule within the next Finance Bill. It has been sponsored by David Laws, Simon Hughes, Tim Farron, Lorely Burt and Tom Brake.