Sharma Launches Campaign to Axe PIP Changes

Virendra Sharma MP and others seeking support for Multinational Enterprises (Financial Transparency) Bill .
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Virendra Sharma MP calls for Chancellor Osborne to axe PIP changes….reports Asian Lite News

 

Virendra Sharma MP and others seeking support for  Multinational Enterprises (Financial Transparency) Bill .
Virendra Sharma MP and others seeking support for Multinational Enterprises (Financial Transparency) Bill .

“Works and Pensions Secretary Iain Duncan Smith’s resignation has revealed a government in disarray over their cruel cuts to support for disabled people,” said Virendra Sharma MP.

The senior Labour politician is now calling on residents to back a petition for a halt to the changes.

Sharma MP said: “With 696 people being helped by the Personal Independence payment in Ealing, Southall, people here will be deeply worried about the impact of these changes by George Osborne.

“These changes will hit those affected by on average £3,500 per year, at the same time as the Tories are giving helping the wealthiest with a Capital Gains Tax cut.  It just isn’t fair and that’s why I want people to sign Labour’s petition to stop these changes.”

In another development, Mr Sharma MP has backed a bill to end the secrecy around multinational companies’ taxes.

The Government is legislating to require large multinational companies to report their tax, revenues, profits and assets to HMRC, as part of an international effort to tackle tax avoidance.  This Multinational Enterprises (Financial Transparency) Bill would ensure this information becomes public. Government plans only require this information to be shared with HMRC on a confidential basis.

The bill is also supported by NGOs including Oxfam, Christian Aid, ActionAid and CAFOD, and has the backing of the Fair Tax Mark and Tax Justice Network. MPs are hoping that the Government will support the Bill or include its principal purpose in this year’s Finance Bill, which will be introduced following the Chancellor’s Budget.

 

Virendra Sharma MP said: “People in Ealing, Southall want successful companies in the UK, but they want them to pay tax fairly.  Too many multinational companies seem to be choosing the tax they want to pay, rather than paying the tax they should pay, via complicated international arrangements. That’s why I’m pleased to be backing this Bill, to put basic information about these financial dealings in the public domain.”

Caroline Flint MP, who proposed the Ten Minute Rule Bill this week, said: “I am delighted that Virendra Sharma is supporting the Multinational Enterprises [Financial Transparency] Bill.  Only by making these companies become more open will we restore public faith that they are paying fair taxes.  The winners from public reporting are the Government, HMRC, those businesses and taxpayers who already pay fair taxes and developing countries who are being short changed.”