PWC were kind enough to send me (and no doubt thousands of others) a mail yesterday on tax strategy. Since it was clearly marketing blurb I've no concern about quoting it, partly in the interest of fair play. They say:
Public perception about the amount of tax paid by business has made tax a global reputational issue for multi-national companies, according to the results of a PWC poll. The boards of many companies are now starting to recognise that a clear tax strategy is integral to their business strategy.
Professor Costas Markides of the London Business School and Paul K??nig, senior partner of PwC's Eurofirms Tax leadership team, discuss the need for such a strategy and the role of the tax director within it. To view the video showing Professor Markides and Paul K??nig click on the following link:
http://uk.sitestat.com/pwc/pp/s?mwa_athens_video&ns_type=clickin
I'm sorry to say that PWC make access to their website as difficult as its possible to get, but the video may be worth watching. The reasons are:
-
The speakers acknowledge that public awareness of tax is increasing, as is third party scrutiny of tax in corporate accounts.
-
They say tax is a significant and material risk for any company (something the City of London has not cottoned onto or their knowledge of the subject would not be as abysmal as it is).
-
They say any company's tax strategy is one of choice.
I'd agree with that last comment. Any company can decide to be tax compliant and seek to pay the right amount of tax (and no more) at the right time and in the right place. That is the option a responsible company would take in the interests of its members, the communities in which it operates and in consideration of the licence to operate it has been granted by the states in which it works.
So why is it PWC promotes tax avoidance, which by its very name implies that they ignore the obligations societies places upon them and their clients?
And why is it that PWC promotes tax systems that oppress the poor?
As I've said before, these are choices. Please justify them PWC.
Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:
You can subscribe to this blog's daily email here.
And if you would like to support this blog you can, here:
