The Leader of Britain’s opposition Labour party says the British Queen should apologize for using overseas tax havens if they were used to avoid taxation in the UK.
“Because if the very wealthy person wants to avoid taxation in Britain and therefore put money into a tax haven somewhere, who loses? Schools, hospitals, housing, all those public services lose and the rest of the population have to pay to cover up the deficit created by that,” Corbyn said on Monday at an event hosted by the Confederation of British Industry (CBI).
According to documents obtained by the International Consortium of Journalists, around 10 million pounds ($13 million) of the queen’s private cash is said to have been tied up in offshore portfolios.
“And so I think with the Paradise Papers, which I have been reading through like all of us this morning, are quite shocking.” He added.
Corbyn was responding to a reporter’s question on the so-called Paradise…