Given that there is a current tax gap (between tax due and tax recieved by the exchequer) of £120 billion, we propose the introduction of country-by-country reporting and a general anti-avoidance principle, in order to ensure that everyone living or doing business in the UK pays all the tax they owe.
We recognise the benefit of employee ownership and co-opertaives. Unlike many countries, the UK has no legal structure for co-operatives. In order to support the formation of these businesses, we will introduce legislation which is designed with these types of organisation in mind.
We will extend the requirement on basic, affordable telephony to broadband to help ensure homes have sufficient access to the internet and to keep pace with the connected digital economy.