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UK Lawmakers Call For Denying Virus Aid To Tax Haven Cos.

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By: Matt Thompson

The U.K. should base relief given to companies during the coronavirus pandemic on good behavior, denying funds and tax breaks to those doing business in tax havens, a cross-party group of legislators said in a letter released. The letter, dated Thursday, asked Rishi Sunak, the chancellor of the Exchequer, to place conditions on big businesses receiving state aid, such as not being registered in a tax haven, imposing a moratorium on dividends and share buybacks, and curbing excessive executive pay

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By Matt Thompson, posted on Monday May 11, 2020
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