"You thought only Google dodges UK taxes? So do all the Brit firms"
It turns out that companies use tax law to minimise their tax bills - who'd have thought that then?
If the tax code were less complicated with fewer political wheezes designed to make headlines (which every politician does and crosses their fingers that someone will believe them that somehow these wheezes will generate economic growth) then there would be fewer places to hide.
If PAC and or Margaret Hodge have evidence of evasion then they could cut to the chase and pass it over to the Police and/or Director of Public Prosecutions.
Of course if Google (others) are just avoiding tax (hands up who has got a tax-exempt ISA) then we are free to dislike them. However, perhaps someone could deal with this (unfortunately, I could not find any left leaning newspaper criticising Margaret Hodge, for some reason or other):
"Margaret Hodge didn’t take too kindly to being accused of tax hypocrisy by Priti Patel yesterday. The litigious Labour MP and ardent anti-tax avoidance campaigner insists she has done nothing wrong with her shareholding arrangements at 0.01% tax rate paying Stemcor."
Apparently the Big 4 accountancy firms have an “unhealthily cosy relationship with government”, saying it creates a “ridiculous conflict of interest”. Readers will know of Hodge’s great expertise in this area, given that she worked for one of them, Pricewaterhouse, before she became an MP. Not to mention that Hodge’s friends on the frontbench such as Chuka, Balls and Rachel Reeves have all had PwC analysts on their payroll. Guido can reveal that Labour’s Shadow Treasury ministers Chris Leslie and Cathy Jamieson also currently have PwC employees working in their offices.
Analysis of Stemcor's latest accounts in today's Daily Telegraph show that the business paid tax of just £163,000 on revenues of more than £2.1billion in 2011.