Miliband Calls For Corporate Tax Clarity to Cut Avoidance

A Labour government would force companies operating in the U.K. to set out clearly how much tax they’re paying on what income, said the opposition party’s leader, Ed Miliband.

Miliband, currently touring Scandinavian capitals to strengthen links with European social democratic parties, said he wants to learn from the Danish and Swedish experience of increasing corporate tax transparency. He cited transfer pricing, under which company units in different countries can set the prices of products and services they buy from each other so as to minimize tax liability, as a particular area of abuse.