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.
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HMRC has outlined a change in VAT policy to the treatment of dwellings that have been formed from either the construction of new buildings, or from the conversion of non-residential buildings
Let us hope that valuable asset protection vehicles are not made prohibitively burdensome or abolished in the desire to “simplify” IHT
Freelancers and micro-businesses still need more information about the government’s plans to make tax digital
The government is pressing ahead with changes to the way it taxes individuals with a foreign domicile