Country by country reporting of profits and taxes paid is ‘essential’ for detecting corporate tax avoidance, according to MEPs who adopted by 538 votes to 73 a resolution on ‘concrete ways to combat tax fraud and tax evasion’. There were 32 abstentions.
A common consolidated corporate tax base should be compulsory for all companies except SMEs after a transitional period, according to a resolution of the European Parliament approved last month by 452 votes to 172, with 36 abstentions.
The divide between tax professionals and tax justice campaigners on the issues of transfer pricing and country by country reporting by multinationals was laid bare at a ground-breaking ‘tax and transparency forum’ attended by more than 200 people in London yesterday.
Barclays has voluntarily disclosed that its UK corporation tax liability for 2011 was approximately £300m.
Tax Justice Network says the current regime for taxing multinationals is ‘not fit for purpose’
The BBC’s Today programme broadcast an apology to Sir Philip Green this morning, following Monday’s interview with David Cameron in whi
‘[George Osborne] described “aggressive” tax avoidance as “morally repugnant”. He was right to do so ... ‘[Cameron and Osborne] need to see through the logic of what they have started.
Setting up a company specifically to avoid tax is ‘aggressive tax avoidance’ and should be distinguished from investment in pensions or genuine start-up businesses, the Prime Minister suggested today.
Coverage in the ‘quality’ newspapers of last week’s well-attended launch of the CBI’s tax campaign appears to have been l
The question whether business pays its ‘fair share’ of tax is a perfectly legitimate one that deserves a good answer, John Cridland said at the launch of a CBI campaign to bring ‘an informed voice’ to the UK business tax debate.