Clergy says tax-haven firms must not get bailouts

Some of the senior figures in the UK clergy have said that companies registered in offshore tax havens should be refused corporate bailouts.

In a letter to the Times they say: “We welcome the decisions of the Danish, Polish and French governments to refuse bailouts for corporations registered in tax havens.”

They go on to say that some large corporations continue to avoid their social responsibility, making huge profits yet hiding their wealth in tax havens.

The church leaders point out that at least $8 trillion sits offshore, with its wealthy owners hiding from their tax and social responsibilities.

They say when the pandemic ends, we cannot go back to business as usual, and are calling on the UK government to foster a fair tax system that serves the common good.