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Labour's McDonnell welcomes report calling for tougher taxes on multinational companies
Shadow chancellor John McDonnell

JOHN McDONNELL has welcomed a new report by a global trade union that calls for tougher taxes on multinational companies.

The shadow chancellor said that proposals from Public Services International (PSI) for a shake-up of the international tax system were “exciting and important.”

PSI said that multinational companies should pay tax in the countries where the economic activity occurs, rather than recording the sale in a tax haven.

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