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Press watch: City firms ‘face tax investigation’

printer Mail

‘Up to ten companies are facing a judge-led investigation into their tax settlements amid growing concern over the way Revenue & Customs polices the City.

► NAO seeks tax expertise as HMRC faces legal challenge on Goldman deal

Tax Journal, 23 November

‘Next week, the taxman will be accused of letting down the public through systematic management failures, after signing questionable deals with Vodafone and Goldman Sachs that have angered politicians and generated mass protests …

‘The [Public Accounts Committee] report was agreed by MPs yesterday and will pave the way for a National Audit Office investigation, to be led by a judge, who will examine up to ten large corporate tax deals.'

The Times, 15 December 2011

'Sir Andrew Park, a former judge, will investigate the 10 deals on behalf of the National Audit Office, according to Channel 4 News.'

Financial Times, 15 December 2011