OECD prepares new rules to limit corporate tax avoidance

All 34 members back proposals to crack down on schemes that enable multinationals to pay as little as 1% tax on profits, it saysThe OECD is to draw up new rules to limit tax avoidance by some of the world’s largest businesses in time for a meeting of the G20 group of nations in July.The […]
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Apple’s multi-billion dollar, low-tax profit hub: Knocknaheeny, Ireland

Apple’s Irish operation has a multi-billion dollar profit – and a tiny tax bill. How does it do it?Eileen Stokes and her family live a basic life, one of 16 Irish Traveller families settled on an established halting site at the edge of Knocknaheeny, a run-down northern suburb of Cork.A brazier smolders outside their mobile […]
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Ed Miliband: a googly for tax avoiders | Editorial

Labour – a party that pussyfooted around with avoidance for 13 years – needs to convince the country it will do better next timeIn his own mind, Ed Miliband is pretty clear about how he would like to distinguish the Labour party he leads from the Labour party that went before. He aims to be […]
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Multinational CEOs tell David Cameron to rein in tax avoidance rhetoric

Burberry, Tesco, Vodafone and BAE Systems join CBI chief in lobbying PM to stop moralising on tax ahead of G8 talksThe bosses of some of Britain’s largest multinational corporations have urged David Cameron to stop moralising and rein in his rhetoric on tax avoidance ahead of a G8 summit next month.Chief executives of companies such […]
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Multinational tax avoiders had better beware the ‘unappreciative taxpayer’ | Simon Bowers

Tax professionals have long considered strategies within the letter of the law unimpeachable – but times are changingAs with many business leaders and tax professionals, the president of the CBI clearly feels a growing sense of frustration at the direction of the public debate over multinationals and their tax bills.”Tax avoidance cannot be about morality, […]
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Fury at corporate tax avoidance leads to call for a global response

Anger over the financial affairs of multinationals such as Google, Amazon and Starbucks is gathering momentum in Westminster. Now the UK is poised to lead the debate about international tax reform at next month’s G8 summitHuge orange and green cranes hover over a vast building site at King’s Cross, London. Over the next three years, […]
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Ed Miliband vows to curb corporate tax avoidance

Labour leader urges David Cameron to work with G8 countries to force corporate giants to pay their fair shareEd Miliband has vowed to rip up the rule book as prime minister and go it alone if there is no international consensus to tackle multinationals engaging in massive tax avoidance.In an interview with the Observer, the […]
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MP on Google tax avoidance scheme: ‘I think that you do evil’

Google and Amazon face fresh attack over claims that their multibillion-pound UK-facing businesses should not be taxedGoogle and Amazon came under fierce attack from MPs and tax campaigners after fresh whistleblower allegations put further strain on claims by the internet giants that their multibillion-pound UK-facing businesses should not be taxed by Revenue & Customs.Margaret Hodge, […]
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G7 agrees action needed against tax evasion, says George Osborne

Chancellor states importance of nations’ collective action over tax avoidance and evasion on final day of financial summitThe G7 group of industrialised nations has agreed collective action needs to be taken to target tax avoidance and evasion, the chancellor George Osborne has said.Speaking at the end of the two-day summit of finance ministers and central […]
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G7 agrees tax evasion action needed – Osborne

Chancellor states importance of nations’ collective action over tax avoidance and evasion on final day of financial summitThe G7 group of industrialised nations has agreed collective action needs to be taken to target tax avoidance and evasion, the chancellor George Osborne has said.Speaking at the end of the two-day summit of finance ministers and central […]
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