This petition was submitted during the 2010-2015 parliament
Petition 20% turnover tax for Global corporations
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We want the UK government to impose a 20% turnover tax on Global companies with a UK turnover of £50 million or above.
The turnover tax should be applied to any company that declares low profits in the UK but very high profits in a tax haven or low tax country AND where tax haven profits are largely contributed to by the UK arm of the same corporation.
Why should you vote for this petition?
* It is unfair for these global corporations to 'syphon' money from the UK in this manner.
* It gives many global companies an unfair competitive advantage which is slowly putting UK only businesses out of business.
* Such practices are often a tax on the lower classes of UK society, making millions for the most wealthy in society.
* This tax is far better than increasing the tax burden on ordinary people.
This petition is closed This petition ran for 6 months
43 signatures
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10,000 signatures required to get a government response