UK Govt. to exclude companies found guilty of aggressive tax avoidance from bidding for major govt. contracts

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15 February 2013

Big UK tax avoiders will easily get round new government policy

Author: Prem Sikka, Professor of Accounting at Univ. of Essex in Guardian [UK]

The key policy is that from April 2013, potential suppliers to central government for contracts of £2m or more will have to declare whether they indulged in tax avoidance…The policy is high on gimmicks and empty gestures, and short on substance. The proposed policy only applies to bidders for central government contracts. Thus tax avoiders can continue to make profits from local government, government agencies and other government-funded organisations…The policy will apply to one bidder…not to all members of a group…The policy will not apply to the tax avoidance industry, consisting of accountants, lawyers and finance experts devising new dodges. [refers to Amazon, Barclays, KPMG, Bank of New York Mellon, PricewaterhouseCoopers, Deloitte, KPMG and Ernst & Young, Starbucks, Google, Microsoft ]

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14 February 2013

Tax avoidance firms will be banned from major government contracts [UK]

Author: Press Association

Companies found guilty of aggressive tax avoidance will be banned from bidding for major government contracts, under new rules published by the Treasury. Firms and individuals bidding for contracts will be required to declare whether their tax returns have been rejected because of involvement in a tax avoidance scheme. And companies will also have to sign a clause allowing departments to terminate the agreement if they are later found to have breached tax compliance obligations...The move comes after controversy over the tax affairs of multinational companies including Starbucks, Amazon and Google, though there is no suggestion these firms would fall foul of the new arrangements.

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24 January 2013

Tax avoidance - an introduction

Author: compiled by Business & Human Rights Resource Centre

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