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:
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