This petition was submitted during the 2010 to 2015 Parliament
Closed petition Change corporate tax laws.
Closed on
That HM Revenue and Customs be granted powers to charge a levy on all financial transactions between parent or subsidiary companies where the combined annual turnover of such companies exceeds £100M and where the main income from the transaction has been generated within the UK.
The levy shall be proportionate to the amount of corporation tax that would have been payable to HMRC had the transfer not taken place.
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This petition will stay open until 23 October 2013.