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.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states