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Centre for Labour and Social Studies (Class) responds to Labour’s non-dom announcement

Centre for Labour and Social Studies (Class) responds to Labour’s non-dom announcement

08.04.2015 FOR IMMEDIATE RELEASE

For further information and media requests:

Contact: Ellie O’Hagan E: ellie.ohagan@classonline.org.uk T: 0207 611 2571

Responding to Labour’s pledge to abolish the non-dom rule, a spokesperson from Class said:

“Labour’s commitment to end the non-dom rule is a huge step forward for tax justice in the UK. The rule has allowed thousands of wealthy residents to effectively use the UK as a tax haven – something that puts us wildly out of step with equivalent countries across the world where the rule simply does not exist.

“The suggestion from the Conservatives that such a move would damage the economy is nothing more than scaremongering. There is no credible evidence that changes in residence rules and higher tax rates results in a mass exodus of business leaders. The abolition of the non-dom rule can only be good news for working people and the British economy as a whole.

“The next government must follow this pledge with a move to close corporation tax loopholes, which allow companies like Amazon and Starbucks to avoid significant amounts of tax while making huge profits. More than 400 of the 800 largest businesses in the UK paid less than £10m in corporation tax in 2012/13 and around 160 paid no corporation tax at all. This must be the next step towards achieving tax justice.”

For our full election guide to the tax system, click here.

---ENDS---

Notes to Editors:

1. The Centre for Labour and Social Studies (Class) is a new think tank established in 2012 by Unite the Union, GMB and the Institute of Employment Rights to act as a centre for left debate and discussion and has the growing support of a number of trade Unions including ASLEF, CWU, FEU, GFTU, NUT, PCS, PFA, TSSA, UCATT, MU, NUM, BFAWU and UCU. Originating in the labour movement, Class is working with a broad coalition of supporters, academics and experts to develop and advance alternative policies for today. http://classonline.org.uk/about/panel

More information

For further information, articles, interviews or media requests please contact Ellie O’Hagan on ellie.ohagan@classonline.org.uk or 0207 611 2571.

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