Thanhniennews.com has reported:
At the [Vietnamese] National Assembly session, the government filed a report saying 2006’s tax revenues collected from foreign-invested businesses were around VND1.97 trillion (US$122 million) less than expected. The government attributed the discrepancy to the slow growth of the automobile and tobacco markets.
But the explanation was met by harsh opposition from other deputies. […]
The Scotsman has reported that Paddy Tomkins, Scotland’s Chief Inspector of Constabulary, has identified a raft of improvements needed in the way police deal with fraud, which is thought to be costing the UK about £13.9 billion a year - or £330 for every person in the country. His report said:
The range of types and […]
From the Telegraph this morning:
TUC leaders are said to have been surprised but delighted by the decision to give unions representation [on a working group being set up to consider the taxation of overseas earnings and other long-term tax issues]. Criticism from the TUC about the existing rules and the ability of companies to shelter […]
I know it’s the start of Christian Aid week, and I know they’re talking about tax, but it also seems to be tax avoidance day in the Guardian.
They point out that those seeking to get round the government’s proposed new rules for taxing the foreign income of companies by moving to Ireland are tax avoiders, […]
This is Christian Aid week in the UK.
Christian Aid launches its annual report linked to that week today. It is called Death and Taxes.
As they say:
The lives of 1,000 young children a day are being lost to disease and poverty in poor countries because of illegal trade-related tax evasion, says a new report from Christian […]
The Times has an article on HMRC seeking to crack the problem of Swiss tax evasion. It’s good that they are. It’s good that it’s being reported. By working with Germany HMRC have a chance of success. Thank heavens that the UK is realising a multilateral approach is essential.
But who is quoted in the middle […]
I took part in the World this Weekend today on BBC Radio 4. (The link is here, for the next few days, start 20 minutes into the programme). The debate was on the claimed loss to the Exchequer from companies leaving the UK.
My contribution followed that of Richard Baron, head of tax at the Institute […]
Aberdeen Asset Management is the latest company to say it might leave the UK, according to the Times.
So, I’ve looked at its accounts. This is the 2007 tax note:
Guess what? Here we have another company threatening to leave the UK that is not only not paying UK tax in 2007, it’s such a seasoned UK […]
The sheer arrogance of some people and companies is staggering. I presume they think that because they’re big and command considerable resources the rest of us will believe what they say.
Take this comment from group head of tax at Vodafone, Joel Walters:
There is a danger, I think, that multi-national corporations in particular are perceived as […]
Another company that doesn’t pay tax in the UK has announced its results. That’s British American Tobacco.
In 2007 is had profit before tax of £3,078 million. The notional tax charge was £791 million. This was made up of £977 million UK tax, all of which was cancelled by foreign tax credits.
The overseas tax charge was […]
