‘MPs are preparing to scrutinise the tax affairs of IT companies that supply the public sector, ahead of a government crackdown on avoidance by contractors that receive billions of pounds of taxpayers’ money.
‘The [Commons] public accounts committee has confirmed that it is considering calling in some of the IT sector’s biggest companies, as a Financial Times investigation into nine government suppliers shows they use a range of methods to keep taxes low, including recording UK sales in low-tax jurisdictions. The PAC inquiry would be part of a wider probe into how much tax is paid by Whitehall’s larger contractors, as political scrutiny mounts of the tax affairs of multinational corporations …’
‘ … The companies concerned have all stressed that these methods are entirely legitimate in accordance with UK tax laws. However, the level of sales being routed through lower tax jurisdictions such as Ireland is politically sensitive.’
‘MPs are preparing to scrutinise the tax affairs of IT companies that supply the public sector, ahead of a government crackdown on avoidance by contractors that receive billions of pounds of taxpayers’ money.
‘The [Commons] public accounts committee has confirmed that it is considering calling in some of the IT sector’s biggest companies, as a Financial Times investigation into nine government suppliers shows they use a range of methods to keep taxes low, including recording UK sales in low-tax jurisdictions. The PAC inquiry would be part of a wider probe into how much tax is paid by Whitehall’s larger contractors, as political scrutiny mounts of the tax affairs of multinational corporations …’
‘ … The companies concerned have all stressed that these methods are entirely legitimate in accordance with UK tax laws. However, the level of sales being routed through lower tax jurisdictions such as Ireland is politically sensitive.’
