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.
The government will not publish anonymised data on the corporation tax paid by FTSE 100 companies, David Gauke said in Commons written answer this week.
The Committee of the Whole House has concluded its consideration of the Bill.
A Public Bill Committee will begin its consideration of the Bill on Tuesday and Thursday next week.
18 April
MPs have recommend that the government restrict its use of retrospective legislation to ‘wholly exceptional circumstances, which should be narrow and clearly-defined’.
‘Is the government tough on avoidance? It has produced a report on an anti-avoidance rule. Who did it ask to develop this – a member of HMRC perhaps, or a barrister used by HMRC to combat avoidance?
HMRC will be forced to defend itself in court against an allegation that it gave a ‘sweetheart tax deal’ to Goldman Sachs, The Guardian reported today.
Maximising additional revenues and achieving a ‘sustained reduction’ in the tax gap are George Osborne’s top priorities for HMRC in the coming year.