How much tax is enough?

How much tax is enough?Large corporates face stiffer tax penalties as governments crack down on avoidance

Benjamin Franklin’s twin certainties – death and taxes – are becoming things to avoid in the 21st century, at least by large corporations who use every trick in the book to reduce their tax liability. Legal it may be, but consensus is gathering, in Europe at least, to overhaul the international tax system, in the wake of several prominent cases in which multi-national companies are felt to be dodging their tax obligations to member states. Google is in the firing line at the moment. After years of negotiation, the company has finally agreed a £130m deal with British tax authorities to pay some back taxes and bear a greater tax burden in future. But is it enough? Read more…

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