Ray McCann senior manager and Simon Wilks partner of PricewaterhouseCoopers LLP explore the National Audit Office's report into the management of large business corporation tax
The National Audit Office (NAO) is responsible for monitoring the effectiveness of public spending. Its recent report HM Revenue & Customs Management of large business corporation tax drew headlines as a consequence of its revelation of the disparity between those corporates paying large amounts of tax and those paying nothing. For example the report indicated that 67% of all corporation tax receipts came from 7% of the large corporate population and were concentrated in three sectors: banking energy and insurance. In contrast a significant tail of corporates paying little or no tax was also evident. Striking as these facts are ...
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Ray McCann senior manager and Simon Wilks partner of PricewaterhouseCoopers LLP explore the National Audit Office's report into the management of large business corporation tax
The National Audit Office (NAO) is responsible for monitoring the effectiveness of public spending. Its recent report HM Revenue & Customs Management of large business corporation tax drew headlines as a consequence of its revelation of the disparity between those corporates paying large amounts of tax and those paying nothing. For example the report indicated that 67% of all corporation tax receipts came from 7% of the large corporate population and were concentrated in three sectors: banking energy and insurance. In contrast a significant tail of corporates paying little or no tax was also evident. Striking as these facts are ...
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