Tuesday, December 20, 2011

One law for the corporate...

Further to Peter's post about tax evasion, the Commons Public Accounts Committee yesterday published its damning report on the sweetheart deals done between HM Revenue & Customs and hugely profitable international corporations, specifically Goldman Sachs and Vodaphone. Looks like up to £25bn in tax is cheerfully being waived by no more than four unaccountable commissioners.
The full report is here. A summary, including withering criticism from committee chair Margaret Hodge (left), is here.

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