Big Four criticised over tax haven offices
Big Four operates 81 offices in tax havens, according to research
BIG FOUR FIRMS have been criticised for operating an average 20 offices each in tax havens, according to research.
The Financial Mail found that the four firms operate 81 offices in offshore tax havens.
MP Chuka Ummuna, who sits on the Treasury Select Committee, said that there was an industry “dedicated to helping people avoid tax that will increasingly come under the microscope”.
KPMG said it operated in the locations “to serve our clients”.
Deloitte said its offices in Jersey, Guernsey and the Isle of Man offered services “broadly similar” to that of mainland UK.
E&Y said it had “rigorous procedures” in place to act for clients who are honest and “operate within the law”.