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Old November 12th 17, 07:53 PM posted to uk.finance
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Default Tax evasion, law and direct democracy UK

Tax evasion, law and direct democracy UK

After the Paradise Papers and similar leaks, "Britain can tackle tax avoidance", says Prem Sikka.
Iniref: For that we need stronger, citizen-led democracy

Prof. Prem Sikka, financial ace now at Sheffield University, has written a constructive piece which not only shows how large-scale tax refusal works but also puts forward ways to develop remedies. https://www.theguardian.com/commenti...aradise-papers
He writes,
"The Paradise Papers once again show that secrecy, trusts, shell companies and a thriving tax-avoidance industry are undermining much-needed tax revenues in the UK and elsewhere."

and recommends that "Tax returns of all wealthy individuals should be made publicly available. The tax computations of all large corporations, together with advice received from accountants and lawyers, key players in the global tax avoidance industry, should be filed at Companies House and made publicly available. The public availability of information is what will enable citizens to check the affairs of powerful elites and draw the attention of HMRC to omissions and dubious practices."

Stronger, citizen-led democracy could help to kick-start this sort of reform. See free info., arguments and examples of this at

Campaign for direct democracy in Britain
Citizens' Initiative and Referendum I&R ~ GB
http://www.iniref.org/ Link to site index
http://www.iniref.org/steps.html Basic presentation

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