“The government is outlawing a number of offshore corporation tax avoidance schemes, one of which has been operated by Tesco, the supermarket giant has confirmed.”
The Guardian, 14th June 2008
Source: www.guardian.co.uk
“How much should big companies mitigate their tax liabilities — both legally and morally? The controversy over Tesco’s tax structuring techniques involving sale and leaseback arrangements with offshore companies highlights a practice increasingly common among large companies. The revelations triggered an outcry about the behaviour of large multinational companies; some even argued that Tesco should ignore such lawful tax planning opportunities and simply volunteer 30 per cent of its profits in corporation tax out of a sense of social responsibility.”
The Times, 4th June 2008
Source: www.timesonline.co.uk
“Property lawyers may enjoy a short-term boost while their wealthier clients sell off their London homes, but new tax plans aimed at rich individuals who are not domiciled in the UK for tax purposes — non-doms, in other words — have received a resounding thumbs down from the British legal profession.”
The Times, 28th February 2008
Source: www.timesonline.co.uk
“Alistair Darling has been accused of bowing to pressure from the super-rich after he sought to reassure foreigners living in Britain worried about his plans to close their tax loopholes.”
The Independent, 13th February 2008
Source: www.independent.co.uk
“The taxman has begun a crackdown on people who try to avoid the burden of inheritance tax by making gifts to friends or relatives before they die.”
The Times, 21st September 2007
Source: www.timesonline.co.uk
“Tax dodgers who kept their money in Britain are to get a similar amnesty to those who hid money offshore.”
Financial Times, 17th April 2007
Source: www.ft.com
“A partial amnesty for hundreds of thousands of tax evaders who hide money abroad will be announced this week, in a move expected to bring more than a billion pounds into the Treasury’s coffers.”
Financial Times, 16th April 2007
Source: www.ft.com
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