Former BBC Radio 1 DJ Chris Moyles has accepted “full responsibility” for his part in a tax avoidance scheme where he claimed to be a second-hand car salesman.
Comedian Jimmy Carr is reported to be paying HMRC £500,000 after quitting a controversial and “immoral” offshore tax-avoidance scheme.
Ireland has pledged to close the tax loophole that has allowed US technology giant Apple to hide $40 billion of its profits from taxation by funnelling income through Irish subsidiaries with no declared tax residency.
The 10-point Lough Erne communique contained 13 uses of the word ‘should’ and not a single use of the word ‘will’. Perhaps David Cameron, the UK Prime Minister, was hoping that no-one would notice the difference and that the British public anger about tax dodging would be satisfied without any actual action.
Tax havens have made the press recently after the G20 have announced plans to stop businesses funnelling their profits offshore. How did we get to this stage where some companies are paying an effective 0% tax on their profits?