{"id":25470,"date":"2014-07-14T13:38:02","date_gmt":"2014-07-14T12:38:02","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=25470"},"modified":"2014-07-14T13:38:02","modified_gmt":"2014-07-14T12:38:02","slug":"pwc-give-us-tax-haven-uk-or-well-throw-our-toys-out-of-the-pram","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2014\/07\/14\/pwc-give-us-tax-haven-uk-or-well-throw-our-toys-out-of-the-pram\/","title":{"rendered":"PWC: give us tax haven UK or we’ll throw our toys out of the pram"},"content":{"rendered":"

The Telegraph has reported that<\/a>:<\/p>\n

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The chairman of PwC in the UK has said that takeover deals based on tax inversions \u2013 which were brought to the fore in Pfizer\u2019s aborted battle for AstraZeneca \u2013 should be welcomed.<\/p><\/blockquote>\n

So that's a welcome for tax haven UK then, where transactions are artificially relocated purely to save money.\u00a0The report went on:<\/p>\n<\/div>\n

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Ian Powell said that the UK\u2019s low corporate tax rate is an added advantage for British business, and should not be dismissed.<\/p>\n<\/div>\n<\/blockquote>\n

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In other words, it's good for a few, and the rest of you must not question it, or as he put it in his implied threat to those who might differ:<\/p>\n

\u201cLondon is a global financial centre .\u00e2\u20ac\u2030.\u00e2\u20ac\u2030. and I think if we start to damage that by changing the narrative, then things become difficult,\u201d said Mr Powell.<\/p><\/blockquote>\n<\/div>\n