Commenting on today’s report by MPs on the Public Accounts Committee about the UK’s controversial tax deal with Google, Liberal Democrat economic spokesperson Susan Kramer said we need to ‘fix the broken tax system’.
“This report puts beyond doubt the simple fact that our tax system is broken. The fact that Google, or any other big multinational company, can get away paying the bare minimum of taxation puts British business at a competitive disadvantage and leaves ordinary tax payers worse off.
“Instead of trying to claim credit for what is a truly pathetic settlement with Google, the Chancellor should be trying to fix a corporate tax system that is clearly no longer fit for purpose. We need a system which allows HMRC to bring the full weight of UK law in ensuring that companies pay their fair share, no matter how much an hour their lawyers charge.”