Treasury wants large business tax transparency

Treasury wants large business tax transparency

Daivd Gauke says that misconceptions around large businesess' tax payments could be cleared up if their affairs were more transparent

CORPORATE TAX transparency would help to rebut claims that large businesses are failing to pay enough tax.

Exchequer secretary to the Treasury David Gauke said the debate about business’ contribution to tax would be “better-informed” if businesses could be more transparent about the tax they pay, “and explain the story behind the figures”.

Speaking at the launch of PwC’s Total Tax Take survey for the Hundred Group of Finance Directors, Gauke said the collective voice of business is “getting lost” among misperceptions and confusion about the amount of tax they pay.

“At a time when, across the board, the public expects greater openness I think it could be in your long term interests to engage more forthrightly in this discussion,” said Gauke.

“But it could also be an opportunity, an opportunity to address some of the myths and confusion that exist.”

 

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