Quakers in Britain, as members of the ‘Close the Gap Campaign’, have called for greater tax justice in a letter to the Chancellor of the Exchequer. Caroline Lucas MP, Kate Green MP and Jeremy Corbin MP have introduced a Private Members Bill (Tax and Transparency Bill) to enhance transparency in corporate payment of tax.
Tax evasion and avoidance is estimated by the Treasury to cost the UK purse at least £35 billion annually. Others estimate the number to be substantially higher. This is nearly nine per cent of UK tax revenue and the efficient collection of this revenue would lessen the demand to cut social and welfare expenditure which is hurting the poorest in our communities so much. Treasury estimates also suggest that those who are avoiding paying their contribution are mainly wealthy individuals and corporations, so the recouping of this money would not harm the poorest and most vulnerable.
An epetition seeking to secure a parliamentary debate on the Tax Transparency Bill is available here http://epetitions.direct.gov.uk/petitions/18996.
This would enable the UK to recover billions of pounds of lost tax by forcing companies to be more transparent in their accounting.