Friday 2 February 2018 / 1:38 PM Jeremy Corbyn / John McDonnell

Jeremy Corbyn and John McDonnell publish tax returns

Labour Leader Jeremy Corbyn and Shadow Chancellor John McDonnell have published their tax returns for the third year running.

The returns, for the 2016/17 tax year, fully disclose their income and the tax they have paid.

The Prime Minister Theresa May has refused to publish her full tax return and Chancellor Philip Hammond refuses to publish one at all.

Jeremy Corbyn, leader of the Labour Party, said:

“Tax avoidance and evasion deprive our public services of tens of billions of pounds every year and will only be tackled if we have the political will to do it.

“We cannot expect the public to trust us as party leaders, if we are not prepared to be open and honest about our own tax arrangements.”

John McDonnell MP, Labour’s Shadow Chancellor, said:

“I have again published my full tax return. I have done this every year as Shadow Chancellor because I believe if you aspire to be in charge of the nation’s finances then you should be as open and transparent about your own income as possible.

“It is right that people in high office are subject to a high degree of scrutiny and I call on the Prime Minister and Chancellor to follow suit and publish their tax returns in full.”

Ends

Editor’s Notes:

• In the 2016/17 tax year, Jeremy Corbyn received a total income of £136,762 – including MP’s salary, Leader’s pay, and pensions – and he paid a total of £48,079.80 in tax
• Jeremy holds no other paid positions, stocks or shares, benefits from no trust funds (including blind trusts), did not receive any income from property, and carried out no other paid work during this period.
• Jeremy’s full tax return can be downloaded at http://jeremycorbyn.org.uk/articles/jeremy-corbyn-my-tax-return-2016-17
• In the 2016/17 tax year, John McDonnell received a total income of £87,353 – including MP’s pay and pensions – and paid a total of £24,099.20 in tax
• John’s full tax return can be downloaded at http://www.john-mcdonnell.net/john_mcdonnell_s_tax_return_2017
• John receives a small dividend on modest savings in a credit union he helped to found in his constituency. He holds no other paid positions, stocks or shares, benefits from no trust funds (including blind trusts), did not receive any income from property, and carried out no other paid work during this period.