U.K. to Bar Tax-Avoiding Firms From Government Contracts
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The U.K. government will block companies with a history of breaking tax rules from government contracts, Chief Secretary to the Treasury Danny Alexander said.
Under proposals published in London today, companies bidding for contracts starting on April 1 will have to make a declaration about their tax compliance and departments will for the first time have the power to refuse contracts on the grounds a company has broken anti-avoidance rules.