For too long UK corporations have dogged their taxation duties. Corporations want stable successful societies and the successful economies that result. This relies on taxation to fund key parts that ensure we have a civilised caring successful society. But they want everyone else to pay taxes to make this possible.

As a Lib Dem I’m clear that our policies to ensure everyone takes their rightful place in funding public services by:

• Introducing a general anti-avoidance rule outlying contrived structures of companies designed purely or largely to avoid tax.
• Implementing the planned new offence of corporate failure to present economic crime, including tax evasions with penalties for directors up to and including custodial sentences.
• Levying penalties on firms proven to facilitate tax evasion, equivalent to the amount of tax evading by their clients.
• Setting a target for HM Revenue & customers to reduce the tax gap and continuing to invest in staff to enable them to meet it.

These measures would create the environment for a step improvement in tax collection and ensuring we all pay our fair share of taxation.

What else should we do?