US companies expect to pay more tax, as we intended

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The FT has noted that:

A global crackdown on tax avoidance has forced a surge of warnings by multinational companies that higher payments are set to hit their earnings.

A Financial Times analysis of company filings revealed that more than twice the number of US companies alerted investors to the risk of higher taxes in their 2015 accounts than a year earlier.

Nearly a fifth of the 136 US companies sounding an alert were technology companies such as LinkedIn and Yahoo.

When John Christensen and I set out in 2003 to put companies avoiding tax on the front page of newspapers it was our intention that they should pay more.

It’s working.