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.
 

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