Author Archives: Martin Hearson

Martin Hearson

The Independent View: Budget corporate tax changes could cost developing countries billions

By Martin Hearson | Tue 6th March 2012 - 12:34 pm

Ahead of the most important austerity budget in a generation, the government plans to open up a huge new tax loophole that will cost ordinary people around the world billions warns ActionAid in a new report ‘Collateral Damage’

The international development charity has revealed that this loophole will allow UK based multinationals to avoid an estimated £4 billion worth of taxes in developing countries and will also cost the UK Treasury £1 billion.

Until now, the UK’s anti-tax haven rules have provided a deterrent to companies seeking to avoid paying taxes in Britain and poor countries alike. The proposed changes …

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Posted in Op-eds and The Independent View | Tagged and | 9 Comments
Martin Hearson

The Independent View: Will Lib Dem proposals to tackle tax avoidance help save the world?

By Martin Hearson | Fri 28th May 2010 - 12:20 pm

What can we expect from the Government on tax avoidance and evasion?

Cast your mind back to the Liberal Democrats’ manifesto launch in April. A major theme was the plan to raise £4.6 billion by tackling tax avoidance.

This has been reduced to a single bullet point in the coalition’s Programme for Government, a promise to “make every effort to tackle tax avoidance, including detailed development of Liberal Democrat proposals.”

Vince Cable remains committed, telling the Telegraph soon after his appointment as Business Secretary that, “tackling tax avoidance by businesses is essential and this is an area that I …

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Posted in Op-eds and The Independent View | Tagged , , and | 9 Comments
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Recent Comments

  • Paul WalterPaul Walter
    Peter: “We shouldn’t tolerate the term “Crown Dependency” being a synonym for “tax haven”.” I don’t know whether you are actually reading my ...
  • David Raw
    I rather thought the 3rd Duke and Duchess of Atholl sold the Isle of Man's feudal and sovereign rights in 1765 for £70,000 via the Isle of Man Purchase Act 176...
  • Roland
    @Peter Martin - I was responding to the curved ? ball Jeff throw out about Motability: If they can't charge VAT then its okay to reclaim the VAT rather than sim...
  • Peter Martin
    @ Simon, "Low earners on the IOM pay tax at 21% compared to – I think – 20% in the UK" I don't know where you get your IOM figure from. It is easy eno...
  • Chris Cory
    I thought the draft strategy motion was a definite step in the right direction, especially the recognition of the need to engage rather more with the general me...