OPPOSITION to the motion that tax avoidance is an unacceptable exploitation of the tax system has taken a ten-point lead in Accountancy Age‘s inaugural online debate.
BDO tax partner Stephen Herring leads Tax Justice Network founder Richard Murphy with 55% of the vote following the second day of discussion.
The second day saw the introduction of a guest voice in the debate, provided by Pinsent Masons partner Ray McCann.
McCann observed “a taxpayer must be taxed only on the basis of clear law” and “a taxpayer does not need to stand still and allow HMRC to take the largest amount possible out of his pocket”, before going on to analyse arguments advanced by Herring and Murphy.
Tomorrow sees Herring and Murphy return to make rebuttals against each other’s arguments, before Thursday’s closing statements.
To follow the debate and get involved, click here.
Phillip Gershuny, senior tax partner at Hogan Lovells, outlines how a European exit could affect UK taxes
Brexit could hit UK GDP by as much as 3% by 2020, the international economic body has claimed
London accountancy firm Blick Rothenberg warns of potential damages VAT changes could cause UK businesses
Smith & Williamson announce appointment of former EY worker John Cooney as partner, ten years after leaving the firm