{"id":24712,"date":"2014-05-05T18:53:34","date_gmt":"2014-05-05T17:53:34","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=24712"},"modified":"2014-05-06T08:53:40","modified_gmt":"2014-05-06T07:53:40","slug":"pwc-in-outright-denial-of-the-truth","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2014\/05\/05\/pwc-in-outright-denial-of-the-truth\/","title":{"rendered":"PWC in outright denial on falling tax  revenues"},"content":{"rendered":"<p><a href=\"http:\/\/services.taxanalysts.com\/taxbase\/tnimag.nsf\/(ME\/74+TNI+391-1?OpenDocument&amp;Login\" target=\"_blank\">Tax Analysts (\u00a3) noted yesterday that<\/a>:<\/p>\n<blockquote><p>\u00a0The OECD's 2013 report \"Addressing Base Erosion and Profit Shifting\" [suggested that]\u00a0multinational companies are \"exploiting legal arbitrage opportunities and the boundaries of acceptable tax planning\" to substantially lower their tax burden, harming governments, individuals, and other businesses.<\/p><\/blockquote>\n<p>But now, apparently, commentators aren't sure that the OECD's premise that revenue has been lost is correct.<span style=\"line-height: 1.5em;\">\u00a0Who, you might wonder, could possibly have argued that? It seems that David Ernick of PricewaterhouseCoopers LLP\u00a0did, adding in the process that:<\/span><\/p>\n<blockquote><p><span style=\"line-height: 1.5em;\">They haven't started with the factual predicate that less taxes have been collected than historically. I think the data that they cite shows that that's not the case.<\/span><\/p><\/blockquote>\n<p>I guess if you're going to tell a whopper you might as well make it a giant one, because there can be no doubt this is disingenuous, in the extreme, not least because it ignores the fact that around the world there are vastly more corporations that should be paying tax and that profits as a proportion of GDP are rising, and the tax bill should be as \u00a0well as a result. But what the heck; why let simple facts get in the way PWC?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tax Analysts (\u00a3) noted yesterday that: \u00a0The OECD&#8217;s 2013 report &#8220;Addressing Base Erosion and Profit Shifting&#8221; [suggested that]\u00a0multinational companies are &#8220;exploiting legal arbitrage opportunities and<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2014\/05\/05\/pwc-in-outright-denial-of-the-truth\/\"><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":[64,8,10],"tags":[],"class_list":["post-24712","post","type-post","status-publish","format-standard","hentry","category-corporation-tax","category-pwc","category-tax-avoidance"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/24712","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=24712"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/24712\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=24712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=24712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=24712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}