Avoiding corporate tax
20/12/11
Her Majesty's Revenue and Customs' (HMRC) "cosy" relationship with corporations is in the spotlight following a Commons report.
The public accounts committee (PAC) substantiated claims from UK Uncut, the group against large corporations, suggesting there are £25 billion of outstanding tax issues with big companies.
The £25 billion bill alluded to in the report is bigger than the entire UK deficit in 2002 and only slightly below the £30 billion level in 2006.
The sum is equivalent to £1,000 for every British family or a cut of 6p from the basic rate of income tax.
Hodge: A damning indictment of HMRC
Unite: Govt goes easy on its City friends
Lib Dems: Special treatment unacceptable
TaxPayers' Alliance: Is HMRC fit for purpose?
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Tags:
- corporate tax avoidance


