John McDonnell comments on Resolution Foundation report on wealth taxes and subsidies
John McDonnell MP, Labour’s Shadow Chancellor, commenting on the latest Resolution Foundation report on wealth taxes and subsidies, said:
“Today’s report from the Resolution Foundation is a much-needed debate on tax reform.
“Labour is committed to conducting a review of tax reliefs in government and we consistently call for Entrepreneurs Relief to be reviewed and evaluated against its effectiveness. We have also produced a Tax Transparency and Enforcement Programme that will close loopholes and flush out tax avoiders and evaders from the system.
“Labour will create a fair tax system that will get the rich and giant corporations to pay a little more to end austerity, fund our public services properly, and build an economy that works for the many, not the few.”