Avoiding corporate tax

20/12/11

Corporations have a cosier relationship with the government than households, the report suggests. — *Corporations have a cosier relatyionship with the government than households, the report suggests.*

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

Margaret Hodge, chair of the committee of public accounts (PAC) comments on her report into corporate tax avoidance:
Unite: Govt goes easy on its City friends

Len McCluskey, Unite general secretary, comments on the public accounts committee (PAC) report into corporate tax avoidance:
Lib Dems: Special treatment unacceptable

Stephen Williams, chair of the Liberal Democrat Parliamentary Treasury Committee, comments on the public accounts committee (PAC) report into corporate tax avoidance:
TaxPayers' Alliance: Is HMRC fit for purpose?

Matthew Sinclair, director of the TaxPayers’ Alliance, comments on the public accounts committee (PAC) report into corporate tax avoidance: