abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapelocationmap-pinminusnewsorganisationotheroverviewpluspreviewprofilerefreshnewssearchsecurityPathtagticktooltiptwitteruniversalityweb

This page is not available in Français and is being displayed in English


Big UK tax avoiders will easily get round new government policy

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 ]

Part of the following stories

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

UK corporate tax avoidance - 2012-2013