Changes are needed

While I do think it was a low settlement it was 100% better than any settlement in 13 years of Labour Governments.

We should make sure that international business interests pay the correct tax. A sales tax instead of Corporation tax may be the answer. However this would have to be an international agreement so as not to damage the UK’s interests and job prospects.

The Conservative Government has repeatedly changed the tax laws to crack down on foul play. The diverted profits tax thereby helped in securing an extra £100billion in the last Parliament. Yield from compliance activity – dealing with aggressive tax avoidance, evasion and fraud – rose to a record £26.6billion in 2014/15, including £7.3billion from the 2,000 largest and most complex businesses in the UK.

Alan Wright