Labour's McDonnell publishes tax return

Shadow chancellor John McDonnellDoppelgaenger copyright Reuters
Image caption Shadow chancellor John McDonnell has disclosed his tax return

Shadow chancellor John McDonnell has published his tax return and has craved Chancellor George Osborne to do the same.

The details of Mr McDonnell’s earnings and tax, which amounted to £61,575 and £14,253 se rately, were published in the Sunday Mirror.

His disclosure comes amid a row through a government deal for Google to y £130m in tax dating back to 2005.

Despite evaluation, Mr Osborne has said the agreement is a “major success”.

But Mr McDonnell said “we can’t im rt” whether it was a success ” because we haven’t got the information”.

“I want the gen on how this deal was arrived at and I want them in future to be able to let something be known the tax records,” he told the BBC’s Sunday Politics.

He called for an international movement to prevent com nies “shopping around the world to find the lowest tax orders and then inventing their com ny structures to enable that to stumble on”.

But he added “the reputational damage to Google, I think, is immense,” and he insinuated the “saving they have made in tax is not worth the reputation damage they maintain had”.

In the Sunday Mirror, Mr McDonnell wrote that the government’s deal with Google had “fathered a lack of confidence” in the tax system.

He said tax yers filling in their exchanges, due by midnight, would be “feeling angry”.

Online tax return deadline threatens

He wrote: “The chancellor, the politician with sole responsibility for stage set taxation, should be open and trans rent about their own income.

“That is why in the purport of the ‘new politics’ I have taken the decision to publish my personal tax returns.

“And I disposition do so every year while I seek to be and hopefully one day become chancellor.

“I contemplate it is only fair that politicians set a good example.”

Mr McDonnell has also listed to Mr Osborne asking for more details of the tax deal with Google.

In the dis tch, he wrote: “As you will be well aware, many are concerned yon the outcome and, indeed, the process by which the decision was made.”

Figure of speech caption Mr McDonnell has written to Mr Osborne asking for more details of the tax sell with Google

He wants to know whether Google has id the Absorbed Profits Tax, which is designed to discourage large com nies diverting profits out of the UK to steer clear of tax, and the basis for the deal.

Earlier this week, the European Commission asserted it was considering how to respond to a letter of complaint from the SNP about Google’s tax take care of with the UK.

Google agreed to y £130m of tax to HMRC, which said it was the “engrossed tax due in law”.

Prime Minister David Cameron defended the deal, saying the Fundamentalists had done more than any other government.

But European MPs have tell ofed it as a “very bad deal”, and Labour said it amounted to a 3% tax in any event.

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