Shadow business secretary Chuka Umunna has called for businesses to publish their tax bills under a radical shake up of accounting rules.
Umunna said the measure was needed as the behaviour of a few major corporations was damaging the reputation of businesses and the relationship between corporate Britain and the rest of society.
As reported in The Telegraph, the MP for Streatham said: “The perception of UK companies has become characterised by the more extreme examples which is grossly unfair on the overwhelming majority of businesses in this country who are making a huge contribution to the exchequer.”
About Robert Lovell
Business and finance journalist