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Base Erosion Profit Shifting

The CFA of the OECD meet next week to discuss how to take this project forward from the initial paper to deliver a progress report to G20 in Q1 2013. The report lists six keys areas: International mismatches Treaty concepts re digital goods Related party financial transaction Intangibles Anti Avoidance Preferential regimes None of this […]

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Goldman bonuses

According to the FT, “Goldman Sachs provoked a furious reaction in Westminster after it emerged that the US investment bank was considering a plan to delay its UK bonus payments” so staff can be taxed at 45% instead of 50%. Other banks have apparently decided not to do this  as they considered this would be […]

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I’ll make damn sure big companies pay their tax says David Cameron

Since Friday I’ve been thinking about DC’s comments on the fallout from the UK PAC hearings and Starbucks and Google and Amazon. Of course he has had to respond to what first Google said and then Martin Sorrell’s comments on the voluntary nature of corporation tax. As reported in the Independent he said: ” We’ve […]

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Starbucks and the Arms Length Principle

Watching the Starbucks performance before the Public Accounts Committee (PAC) posed for me a large number of questions about the arms length principle, which I still think is the best method for apportioning taxing rights between countries. To be valid it has to be based on two independent parties acting at  arms length and rooted […]

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