Petition End Eurobond tax loopholes exploited by corporations

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HMRC must end the current tax loopholes known as Eurobonds, which allow companies to minimise their tax liability by channeling loan payments overseas, reducing declared profits here in the UK.

An attempt to close this loophole was made in 2012 but failed due to massive lobbying by the financial sector.

This loophole costs UK tax payers around £500 million, annually.

This petition is closed This petition ran for 6 months

104 signatures

Progress of the petition towards its next target: 104 of 10,000 signatures required to get a government response

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10,000 signatures required to get a government response

Date closed 23 January 2014
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