{"id":11231,"date":"2011-07-26T20:49:05","date_gmt":"2011-07-26T19:49:05","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=11231"},"modified":"2011-07-26T20:49:05","modified_gmt":"2011-07-26T19:49:05","slug":"gsk-welcome-but-country-by-country-reporting-would-prove-youre-delivering","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2011\/07\/26\/gsk-welcome-but-country-by-country-reporting-would-prove-youre-delivering\/","title":{"rendered":"GSK &#8211; welcome, but country-by-country reporting would prove you&#8217;re delivering"},"content":{"rendered":"<p>As the<a href=\"http:\/\/www.guardian.co.uk\/business\/2011\/jul\/26\/gsk-uk-economy-tax-pledge\" target=\"_blank\"> Guardian has reported:<\/a><\/p>\n<blockquote><p>GlaxoSmithKline lent its support to the UK economy on Tuesday by pledging to hire more staff and pay more taxes \u2014 in stark contrast to its US rival\u00a0Pfizer,\u00a0which is shutting a key centre in southern England.<\/p>\n<p>Glaxo's chief executive, Andrew Witty, reiterated that the government's patent box \u2014 which will offer lower rates of corporation tax on profits generated from the fruits of UK research and development from 2013 \u2014 had made the UK more attractive. He has previously\u00a0attacked British companies that relocate in search of lower taxes, lambasting businesses that turn themselves into \"mid-Atlantic floating entities\" with no connection to society.<\/p><\/blockquote>\n<p>Of course I welcome this, but only cautiously.<\/p>\n<p>GSK has a long history of tax avoiding, on transfer pricing and of usingof tax havens.<\/p>\n<p>So this change is welcome - but I'll be convinced when I see the evidence. So my challenge to GSK is a simple one. Adopt\u00a0<a href=\"http:\/\/www.taxresearch.org.uk\/Documents\/CBC.pdf\" target=\"_blank\">country-by-country reporting<\/a> and then we'll know if you are delivering the tax we expect. Doing so would make you a real world leader.<\/p>\n<p>Bite the bullet: walk the talk and show us you pay your tax to build the type of society - the democratic society that supports health for all paid for from tax - that is the only sustainable base for your business.<\/p>\n<p>If you don't this is welcome - but only as a gesture.<\/p>\n<p>The choice is yours: gestures, or the real thing?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the Guardian has reported: GlaxoSmithKline lent its support to the UK economy on Tuesday by pledging to hire more staff and pay more taxes<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2011\/07\/26\/gsk-welcome-but-country-by-country-reporting-would-prove-youre-delivering\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[79],"tags":[],"class_list":["post-11231","post","type-post","status-publish","format-standard","hentry","category-country-by-country"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/11231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=11231"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/11231\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=11231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=11231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=11231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}