Treasury committee set to look into corporate tax avoidance

MPS ARE CALLING for an investigation into tax avoidance by multinational companies.

Members of the Treasury select committee have been privately calling for an inquiry into the issue of corporate tax avoidance, the Independent has reported. This would involve summoning heads of large companies, including Sir Philip Green.

The select committee has already heard evidence about Vodafone’s tax bill while questioning HM Revenue & Customs permanent secretary for tax Dave Hartnett.

Companies such as Vodafone, Arcadia and Barclays have been subject to criticism over their tax arrangements. Earlier this year, Barclays announced that it had paid £113m in corporate tax last year out of a total tax bill of £2bn.

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