During the general election, Jeremy Corbyn spoke about the super-rich no longer being able to get away with having Offshore Trusts or companies. Speaking at the Confederation of British Industry (CBI) he reasserted this mantra saying if a Labour Government comes to power he would go after those involved in tax evasion.
In his speech, he said a Labour government under his watch would tackle "a super-rich elite that holds taxation and the rest of us in contempt". With the release of the 'Paradise Papers,' it has shone a light on who owns what and where.
Shadow Chancellor John McDonnell speaking earlier said Theresa May had questions to ask over former Tory Treasurer Lord Ashcroft. Lord Ashcroft has donated millions to the Tory cause and McDonnell highlighted the alleged tax avoidance by the Tory Peer.
Lord Ashcroft gave up his non-dom status, although, allegedly, he still retains non-dom tax status in Belize.
It has been estimated that one offshore trust generating money for the peer was worth over £300 million alone.
BBC, Suddeutsche Zeitung and others investigate
The BBC, Suddeutsche Zeitung and others in the world of media have been conducting an investigation into the super-rich. It has shone a revealing light on the lives of these people, whether they be world leaders, businessmen or celebs.
It is indeed a very murky world just as the previously released 'Panama Papers' showed.
People like former Pakistan Prime Minister Nawaz Sharif were implicated as were others in this report.
Lord Ashcroft's spokesman Alan Kilkenny told The Guardian the Tory Peer had done nothing wrong. Theresa May possibly worried by the Paradise papers said she supported the fact that the super-rich should pay their fair share.
However, when pressed further she refused to comment on the subject.
Corbyn to set up a new force in HMRC
If and when Mr Corbyn becomes the next occupant of No 10, he said he would set up a new force to deal with tax avoidance. It would be a force working within HMRC that would investigate suspected individuals and bring them to book if the evidence existed.
Corbyn in his speech to the CBI also said there was real public anger and consternation over this issue. People who work every day God sends to put food on the table and keep the lights on have right to be angry over this.
It is understandable they would be as Mr Corbyn said on Twitter there appeared to be one law for the super-rich and one law for the rest of the working population.
