TUC welcomes new tax avoidance rules for government contracts

15 Feb 2013 02:27 PM

The TUC has welcomed new rules announced by the Treasury yesterday (Thursday) that will see companies found guilty of aggressive tax avoidance banned from bidding for major government contracts.

TUC General Secretary Frances O'Grady said: 'These new measures are welcome and long overdue.

'We are pleased that the government has acknowledged the huge cost tax avoidance and evasion imposes upon society and ordinary people.

'This new scheme sends out the right the message - that tax avoidance will not pay and that companies which engage in this kind of behaviour will be banned from bidding for major contracts. Although there's still far more to do, this is an important first step in changing corporate behaviour.'

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