John McDonnell MP, Labour’s Shadow
Chancellor, responding
to the EU investigation into the UK’s “controlled foreign company” schemes,
said:
“The new EU investigation into
the controlled foreign company tax dodge opened up by the Conservatives
vindicates Labour’s demands for its closure and blows Tory claims to be
targeting tax avoidance out of the water.
“Far from clamping down on tax
dodgers, Conservative-led governments have made it easier for tax avoiders to
duck their obligations to society and not pay their fair share of tax.
"Labour’s election manifesto demanded the closure of the controlled
foreign company loophole and only Labour will take the tough action needed to
end the scourge of tax avoidance and build an economy for the many, not the
few.”
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