Big businesses should agree to renounce aggressive tax planning, says HMRC

[AtW]

its the idea that they will do anything about it.

If they don't follow ze code then they would be severely punished by ... being kicked out from that code!!!

[vetran]

Businesses sign up to voluntary codes all the time

its the idea that they will do anything about it.

[quackhandle]

Is it me or is he paying homage to Dennis Healey's eyebrows?

(Ask your parents kids.)

qh

[d000hg]

they really are fantasists.

Businesses sign up to voluntary codes all the time

[AtW]

And while we are at it, Turkeys should just come out in favour of 2 Christmases a year!!

When it comes to big firms, the turkey is HMRC.

And then there are small firms...

[shaunbhoy]

And while we are at it, Turkeys should just come out in favour of 2 Christmases a year!!

[Zero Liability]

More like, they'll just tell hector to get stuffed and leave over time. Which is why it won't really happen.

[AtW]

I'll tell you when I'm impressing Elle with my beautiful instrument!

ELE

https://en.wikipedia.org/wiki/Extinction_event

You heard it on here first!!!

[vetran]

Vetran wishes Elle MacPherson would find fat balding IT blokes with new sheds irresistible.

Or that Bacon butties weren't fattening!

I'll tell you when I'm impressing Elle with my beautiful instrument!

they really are fantasists.

[AtW]

Or else they get Gauked...



"The government wants the UK’s largest businesses to sign a voluntary code of conduct on tax which would see them renounce aggressive tax planning and vow to follow the spirit as well as the letter of the law.

Big businesses would also be obliged to publish an annual tax strategy, signed off by a named executive at board level, under new rules proposed by HM Revenue and Customs.

“It is clear that attitudes to aggressive tax planning are changing,” said financial secretary David Gauke, in his introduction to a consultation document published on Wednesday. “The public, investors and stakeholders now expect higher standards of tax compliance and more transparency from large businesses about the way they approach taxation.”

Gauke said there were “still a small number of businesses which simply do not play by the rules – persistently engaging in tax avoidance or highly aggressive tax planning”.

Each company will have to articulate their appetite for risk in tax planning, and say whether they “seek to work in accordance with the spirit – in addition to the letter of the law”."

Source: Big businesses should agree to renounce aggressive tax planning, says HMRC | Business | The Guardian

AtW's comment -