Control Of Tax Avoidance
EDM number 101 in 2005-06, proposed by Austin Mitchell on 17/05/2005.
That this House urges the Government to clamp down on artificial tax avoidance schemes and end the domicile, residence and offshore tax avoidance loop-holes that enable millionaires and numerous companies trading in the UK to avoid UK taxes; and further urges the Government to introduce the General Anti-Avoidance Principle as a matter of priority so that transactions lacking normal commercial substance and solely entered into for the purpose of tax avoidance are ignored for tax purposes, thereby providing certainty, fairness and clarity, which the UK's taxation system requires to prevent abusive tax avoidance, to protect the interests of ordinary citizens who are committed to making their contribution to society, to avoid an unnecessary burden of tax of individual taxpayers and to ensure that companies pay fair taxes on profits generated in this country.
This motion has been signed by a total of 37 MPs.
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