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CORPORATION TAX


James Bullock looks at the activist group's failed attempt to challenge HMRC

Tax campaigners insisted on Tuesday that the OECD’s review of the international tax system should not rule out the option of unitary taxation, while leading tax professionals warned that such a regime would create significant practical difficulties.

Corporation tax is not a voluntary tax and it is not easy to avoid tax in the UK, heads of tax at GSK, BP and Reed Elsevier have told the House of Lords economic affairs committee’s inquiry into taxing corporations in a global economy.

David Cameron has called for a “new mechanism” to track where multinationals make their profits and where they pay their taxes, as the UK government comes under increasing pressure to tackle tax havens.

‘The problem is on the UK’s doorstep’ says ActionAid while tax professionals challenge charity's definition of a tax haven

The House of Lords economic affairs committee inquiry into taxing corporations in a global economy will hear evidence tomorrow from tax directors at GSK, BP and Reed Elsevier, as well as heads of tax at some of the major professional bodies.

The G8 should establish the architecture for a multilateral regime that “tackles unethical tax avoidance” and closes down tax evasion, the Africa Progress Panel recommended on Friday.

Miles Dean comments on recent debate concerning Google’s tax affairs

Mike Lewis, tax justice policy adviser at ActionAid, argues that investors have a central role to play in generating a new approach to tax

Helen Lethaby gives her view on the impact of HMRC’s guidance on the GAAR, and comments on the recent decisions in Fidex and Bristol & West.

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