Tag Archives: corporate tax avoidance

Jonathan Hunt

Opinion: Withholding taxes are long overdue

By Jonathan Hunt | Wed 20th March 2013 - 10:53 am

If George Osborne really wants to find enough dosh to get Britain out of the mess he has created, our advice should be: Go after the tax-cheating multinational corporations.

It is about time these cross-border pirates were put in their place. And one place to be urgently put is paying tax on the profits made from operating businesses in countries outside their home base.

While no-one knows how exactly much money they are cheating us of, estimates vary from somewhere between £10bn and £20bn. Given that the Economist quotes a total worldwide figure of some $20 trillion lost in avoidance and evasion, that …

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