John McDonnell MP, Labour’s Shadow Chancellor, responding to the reports today that Facebook intends to start paying more in UK corporation tax, said:
“We will need to see the full details of the announcement. But from what we can see this means little or no real substantive change at this time.
“The Tories allow a situation that gives the impression that some of these companies think they need recognition for what most businesses and hard working families are already doing.
“This Government must wake up to the scale of the corporate tax abuse scandal in the UK. The truth is that the Chancellor has allowed a situation where some companies feel they can pay what they want when they want.
“It’s time George Osborne pushed ahead with full country-by-country reporting so that we can finally get to the bottom of what is owed to taxpayers.”