Labour leader warns against UK ‘tax haven’ strategy

A Labour government would give HM Revenue & Customs more resources to tackle tax avoidance and would increase corporation tax for large companies, party leader Jeremy Corbyn said as he reiterated his view that the government is planning to turn the UK into a “low-wage tax haven.”

Corbyn criticised the government’s approach to the Brexit negotiations and pledged that a Labour government would require “best practice” in tax compliance and workers’ rights from companies bidding for government contracts. The Labour Party, which is struggling in the opinion polls, made several policy announcements as campaigning began in local council elections, where the party is expected to suffer significant losses …

Chancellor Philip Hammond told members of Parliament in January that the government would do “whatever it takes” to maintain competitiveness if the U.K. faced economic damage due to being closed off from the single market. Hammond was responding to questions about an interview with the German newspaper Welt am Sonntag. Read more:

My news story for Tax Analysts, April 14 (paywall)