Rachel Reeves – 2021 Comments on Taxation of Multinationals

The comments made by Rachel Reeves, the Shadow Chancellor of the Exchequer, on 3 June 2021.

This week is a chance for the Government to back British business and help our public services rebuild out of the pandemic.

Boris Johnson is gifting the biggest multinationals £131 million a week. Labour says let’s fund our NHS instead.

Now that we’re out of the EU we have even more reason to show global leadership in cracking down on tax avoidance.

Yet this government seems set on weakening a deal that would bring billions back to Britain and stop our high streets being undercut by the likes of Amazon, Google and other big multinationals.

If the Government is serious about seeing our high streets thrive, they must make sure the businesses on them – whether it’s on Armley Town Street in my constituency, or Market Square in the Chancellor’s – have a level playing field.