The UK is at the centre of a global debate on tax avoidance and the government is being pressed from all sides to make changes to the tax system. One significant change has been the announcement, in the Chancellor’s Autumn Statement, that the corporate tax rate will fall to 21% instead of 22% by 2015. But, amid complaints that multinationals are not paying enough tax in the UK, is this the right way for the government to go? Or is the UK becoming a tax haven for multinationals? Sophie Ashley talks to international tax practitioners about how the UK is shaping up and whether the government needs to change the law, rather than introduce different incentives, when it comes to multinationals’ operations.
Unlock this content.
The content you are trying to view is exclusive to our subscribers.
The allegations against Deloitte Cyprus raise uncomfortable questions about how far the big four can distance themselves from misconduct at member firms
Former IRS commissioner Danny Werfel joins ITR for a must-listen conversation spanning his time leading the agency, his AI risk framework, and the future of the OECD
Ex-EY and Hourani & Partners leader Zain Satardien is using flexible staffing and AI-enabled systems to test a leaner model for specialist legal and tax advice
The big four firm is rightfully prioritising transparency and accountability as it seeks to rebuild from its scandal, but a glaring structural issue remains