Big Four to appear before Public Accounts Committee
Big Four tax partners called before Public Accounts Committee to discuss tax avoidance
Big Four tax partners called before Public Accounts Committee to discuss tax avoidance
BIG FOUR tax partners are to appear before the Public Accounts Committee as it continues its investigations into tax avoidance.
Witnesses from PwC, Deloitte, KPMG and Ernst & Young will appear on 31 January and will include KPMG’s UK head of tax Jane McCormack, Deloitte’s head of tax policy Bill Dodwell, PwC’s head of tax Kevin Nicholson and E&Y’s head of tax policy John Dixon.
Last year, the committee condemned multinational companies – including Amazon, Google and Starbucks – for using transfer pricing arrangements to dramatically reduce their UK tax bills, while also criticising HM Revenue & Customs for “not taking sufficiently aggressive action to assess and collect the appropriate amount of corporation tax from these multinationals”.
Committee chairwoman and Labour MP Margaret Hodge has been particularly scathing, accusing HMRC of “lacking clarity” in its approach to enforcing the corporation tax regime and branding the multinationals as “immoral” for using tax avoidance arrangements.
More about:
The numbers you crunch tell a story. Your expertis...
11yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleWith proposals for an Amazon tax on the table, how can the UK tax system catch up with the implications of the Fourth Industrial Revolution? Read More...
View articleGlobal corporations are under increasing scrutiny over how much corporation tax they pay. So who are the latest big names hitting the headlines over t...
View articleThe EU is deeply divided over how to increase the tax take from tech giants such as Google, Apple and Amazon, who have recently come under fire for be...
View articleTo avoid falling foul of HMRC's tax crackdown, small businesses now have to be much more vigilant when it comes to tax matters, and it's an ideal oppo...
View articleLaw firm warns that HMRC focus on entrepreneur’s relief could prompt increase in avoidance scheme usage Read More...
View articleDiverted profits tax revenue collected by HMRC in 2016-17 totalled £281m, leaping from £31m collected in the previous year, according to data released...
View articleMarkets can be expected to respond positively to US policy changes on the horizon, according to investment director at a boutique investment business ...
View articleBillions of pounds of infrastructure investment planned; but tax tinkering still looms following Philip Hammond's first Autumn Statement Read More...
View article