U.K. Parliament Blasts Accounting Firms Role in Tax Avoidance | BlogsRediff
Posted in the Business News Forum
Since: Mar 13
#1 Apr 29, 2013
accounting code 85230509026, cruse tax planning associates
The Public Accounts Committee in the British Parliament has issued a critical report blaming large accounting firms, particularly the Big Four, for contributing to tax avoidance.
Confidence in our tax system can only be maintained if every company and every individual is seen to be paying their fair share of tax, said Fridays report from the House of Commons committee.We held hearings last year to investigate why some multinational companies pay little corporation tax despite doing a large amount of business in the UK, and why some individuals can get away with using contrived schemes to avoid tax.
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