Companies should pick up the bill

WHEN the Budget is announced this week, we will all be asked to make sacrifices in order to deal with our economic problems.

At the same time many multinational companies continue to avoid billions in taxes every year.

In spite of tough talk on cracking down on tax dodging the government is planning on opening a new tax loophole, which will make it easier for multinationals to avoid paying their bills around the world.

ActionAid estimates that developing countries could lose £4bn, money urgently needed to fight poverty, while the Treasury’s own figures show the UK will lose £1bn a year.

When companies dodge taxes it is ordinary people in the UK, and around the world, who pick up the bill.

When these changes are debated in parliament, I’m calling on our MPs to make sure the government urgently rethinks its plans.

Derek Street