UK Leaving £11BN in Unpaid Corporate Tax
UK Chancellor Rachel Reeves discussed budget challenges as the Tax Justice Network published a report revealing the UK could recover £11 billion in corporate tax from tax havens.
A simple transparency measure, available since 2016, remains unused by the UK government. In contrast, Australia and EU countries have started using it this year.
The measure can reduce multinational corporations' tax cheating by over a quarter.
The report highlights the potential for significant revenue recovery.
Author's summary: UK misses £11BN in corporate tax.
More News
- LIST: Races to watch on Election Day 2025
- How your church can become a safer space for survivors of violence against women and girls
- Zelensky Visits Azov Troops Near Pokrovsk as Battles Intensify in Eastern Ukraine
- The concerning rise of anti-immigration sentiment in Canada | News
- Look: Jonathan Bailey named 'Sexiest Man Alive' by People magazine - UPI.com
- What to know about PM Mark Carney’s first federal budget
- Election Day 2025 live updates: Bronxites head out to vote in the mayoral election – Bronx Times
- Active storm track in Ontario, with wind, rain and even snow - The Weather Network
- Windows 10 still clinging on after Microsoft pulls support
- Stamus Supports NATO Cyber Readiness at Crossed Swords 2025 | AAP