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UK Labour Would Make Wealthy Taxpayers' Returns Public

by Jason Gorringe, Tax-News.com, London

06 March 2017


The opposition Labour Party in the UK has said that it would introduce legislation to make public the tax returns of those earning more than GBP1m (USD1.23m).

Ahead of the Budget, John McDonnell said Labour's proposal would be based on similar arrangements that have been successful in Nordic countries.

"Transparency and fairness is at the heart of building a decent, open society," he said. "This will help restore public trust in the tax system – and help clamp down on any avoidance."

The UK Budget will be announced by the Conservative Party on March 8. The next General Election in the UK is set for May 2020.

TAGS: compliance | tax | tax compliance | law | United Kingdom | legislation | individual income tax

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