Peter Dowd MP,
Labour’s Shadow Chief Secretary to the Treasury, commenting on reports that Ebay only paid £1.6 million in UK tax
despite registering $1.3 billion in revenue in Britain in 2016, said:
“As every day passes it is
increasingly clear that this Conservative Government is incapable of tackling
tax avoidance and ensuring that multinational corporations pay their way. The
growing discrepancy between the revenues companies like Ebay record and the low
level of tax they pay in the UK, only demonstrates how divorced from the
reality of the modern economy our corporate tax system has become.
“The next Labour government will
introduce our Tax Transparency and Enforcement Programme which will clamp down
on tax avoidance and build an economy which works for the many, not the few.”
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