Is Corporation Tax "race to the bottom" back on?

The Prime Minister, Boris Johnson, announced his resignation today and vowed to use his last days in office to reverse the corporation tax rise planned for next year.

Speaking to the Times yesterday our acting Executive Director, Paul Hebden, argued that tax is about political choices. Businesses have already had a £25bn tax relief handout this year, without paying a penny more in corporation tax. 

Meanwhile millions of households have been asked to contribute more income tax and national insurance to pay for the pandemic. During covid the wealthy saw their riches soar, yet that wealth remains undertaxed.

​It’s unthinkable that a new Prime Minister would let big business and the wealthy off their contribution to our recovery, during a cost of living crisis driven by runaway profits.

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Fair tax councils win

Away from the topsy turvy world of Westminster, we have some good news to tell you about.

Preston Council has just signed up to the Councils for Fair Tax Declaration. This follows the 14,500 messages you sent to councillors across the UK.

Preston voted unanimously to encourage fair tax practices amongst their supplier businesses. They are also calling for greater powers to exclude companies with links to tax havens when buying goods and services.

This is a huge win for our campaign. And other councils are following. Southwark Council in London is expected to pass a Fair Tax Declaration motion next week.

Regardless of what's happening at Westminster, it’s great to see the cause of tax justice winning at a local level. 

Thank you if you’ve messaged your councillors – it’s making a real difference. You can still send them a message here if you haven’t already.


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