Labour has vowed to prioritise companies paying full UK tax over those registered in offshore tax havens when awarding government contracts, openDemocracy can reveal.
At the party’s annual conference last week, Labour announced plans to reduce procurement contracts going to tax-avoiding firms if elected, after research by the Fair Tax Foundation revealed that one in six contracts issued by Conservative governments between 2014 and 2019 had tax-haven links.
Policy details seen by openDemocracy shed light on how the party plans to implement greater tax transparency, with a company’s tax status being taken into account when agreeing procurement contracts.
