Symonds, who is finance director of pharmaceutical giant AstraZeneca, told the FT, businesses wanted to work with the government to ‘devise guidelines on legitimate and illegitimate tax avoidance’.
‘We have only just begun a dialogue. Naming and shaming is not going to be very constructive,’ Symonds said.
Symonds comments come off the back of a leaked document which detailed discussions between Customs & Excise and mobile phone giant Vodafone over a VAT avoidance scheme, which MMO2, BT’s mobile phone arm admitted it was also using.
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more
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Since the release of HMRC’s plans for digital tax reforms, many have agreed with the call for a delay