THE PUBLIC ACCOUNTS COMMITTEE is doing little to advance the tax avoidance debate or get closer to any solution, according to Accountancy Age readers.
An overwhelming 86% of the 60 readers polled felt the committee’s approach is too adversarial and fails to take into account evidence provided, while the remaining 14% feel the committee has done a good job.
The committee – chaired by Labour MP Margaret Hodge (pictured) – has spent a huge amount of time delving into issues around tax avoidance – methods used to drive down tax rates within the law – and how to prevent it. Most notably, representatives of multinational companies accused of avoidance Amazon, Google and Starbucks have appeared before the committee and been heavily criticised for their tax practices.
Last week, tax heads from the Big Four gave evidence and were accused of being too close to government and the legislative process.
Take part in the latest Accountancy Age poll:
Yet, KPMG’s annual survey shows that the UK is still an attractive place to do business, despite falling in rankings in tax competitiveness and FDI appeal
Following recent issues with HMRC’s personal tax computation software, Brian Palmer of the AAT questions whether the government’s implementation timeframe for Making Tax Digital is realistic
MTD cost estimates are not based on 'facts', and are 'disbelieved' by most small businesses and sole traders, says Lords committee chairman
The first phase of a process to restrict the amount of tax relief for residential landlords to the basic rate of tax will enter into force on April 6