This petition was submitted during the 2010-2015 parliament
Petition Stop multinational firms cheating on corporation tax with use of tax havens
More details
Some if not all multinationals spend huge amounts to arrange their affairs to avoid UK tax. This seems to be legal but grossely unfair to this country and to firms that don't cheat.
For example, Google UK receives huge advertising revenues but pays almost no corporation tax here by claiming massive so called expenses from zero tax Bermuda. see http://www.bloomberg.com/news/2010-10-21/google-2-4-rate-shows-how-60-billion-u-s-revenue-lost-to-tax-loopholes.html
Change the law or interpretation to insist each company proves it has paid the equivalent of UK corporation tax on all amounts it is claiming as costs or deductions. Otherwise, UK tax amounting to the difference will be payable.
Some companies may threaten to leave the country but most will be empty threats and the pillaging will be halted.
This petition is closed This petition ran for 6 months
15 signatures
Show on a map the geographical breakdown of signatures by constituency
10,000 signatures required to get a government response