.A new consultation on how to deal with those who supply the methods of tax abuse was launched yesterday by the government
HMRC has only managed to catch one of the 20 most wanted “tax fugitives”, who are reported to have cost the taxpayer millions in lost revenue, and had their names and photographs published in a list last year.
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?
Since the turn of the year UK Prime Minister David Cameron has placed great emphasis on finding ways to deal with tax avoidance and offshore secrecy.
Whistleblowers have “undermined” Google’s defence of their tax arrangements, and HMRC should “fully investigate” the US technology giant, a committee of MPs has said.