It’s far too easy for big multinationals like Google to set up a merry-go-round of tax loop holes - John McDonnell

[labourpress]

John McDonnell MP, responding to the Public Accounts Committee’s report into the Tories’ tax deal with Google, said:

“This is a damning report on a tax deal that George Osborne initially called a “major success”, when we all know that this deal really demonstrates the Chancellor’s laid back approach to tackling tax avoidance and evasion.

“The Public Accounts Committee is right to point out as Labour have that we urgently need to see transparency around the deal that was done as we still have no details so we cannot tell if this was fair for taxpayers. It also leaves serious questions about why the deal with HMRC took so long to agree.

“This report further shows that it’s far too easy for big multinationals like Google to set up a merry-go-round of tax loop holes to deliberately pay the least amount of tax as possible.

“It is vital that George Osborne gets a grip as these companies have been getting away with paying very little for way too long”.