A new YouGov poll shows a ‘strong demand for tougher government action’ on corporate tax avoidance, according to ActionAid, the anti-poverty group. The poll of 1,764 adults found that 79% thought the UK government was not doing enough to tackle avoidance by large businesses.
MHA MacIntyre Hudson announced the appointment of Damon Wright as Director of VAT Services. He joins the firm from Grant Thornton.
A major programme to improve the way HMRC tackles tax evasion delivered £4.32bn of additional tax yield between 2006 and 2011, according to the National Audit Office, but HMRC ‘is not yet exploiting the full potential’ of new capabilities including the use of ICT systems to detect evasion.
‘Liberal Democrats are prepared to see the 50 pence top rate of income tax abolished in return for a tax on property, Vince Cable said today.
Tax experts insist that ‘most big companies have no interest in bending the rules’, The Sunday Times reported yesterday. Barclays had 'failed to sense a prevailing mood against tax avoidance’, according to the paper.
Aggressive tax planning using international ‘tax arbitrage’ is a growing concern and governments should consider introducing or revising tax laws to deny the benefits of ‘hybrid mismatch arrangements’, the OECD has concluded in a new report.