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Commentators split over PAC verdict on taxation of business

Accountancy Age

COMMENTATORS including accountancy practitioners have been critical of HM Revenue & Customs’ approach to the taxation of multinational companies. It follows a Public Accounts Committee report claiming the department “loses its nerve” in the face of big business. Companies including Google, Amazon and Starbucks have been in the firing line for their use of offshore jurisdictions to drive down their UK tax liabilities. The tax gap – the difference between tax…

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