Labour Conference - John McDonnell Speech soundbite

The video discusses the issue of companies in tax havens owning shares in PFI companies and the lack of transparency with HMRC. It outlines a commitment to end this scandal by not signing new PFI deals and bringing existing contracts back in-house, aiming to reduce taxpayer costs.

What is the relationship between companies in tax havens and PFI companies?

• They cannot own shares in PFI companies.

• They are exempt from tax regulations.

• They can own shares in PFI companies.

• Their profits are hidden from HMRC.

What commitment is made regarding the scandal associated with PFI contracts?

• To end the scandal and reduce taxpayer costs.

• To hide profits from HMRC.

• To allow tax haven companies to own shares.

• To increase the number of PFI contracts.

How will the changes to PFI contracts affect taxpayers?

• Have no effect on taxpayers.

• Make taxpayers responsible for PFI profits.

• Reduce costs for taxpayers.

• Increase costs for taxpayers.

What has been pledged regarding new PFI deals?

• To sign more PFI deals.

• To avoid signing new PFI deals.

• To allow tax haven companies to sign PFI deals.

• To increase the cost of PFI deals.

What is the plan for existing PFI contracts?

• To bring them back in-house.

• To sell them to tax haven companies.

• To increase their number.

• To hide their profits from HMRC.