Download or read book Tax avoidance Google written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by Stationery Office. This book was released on 2013-06-13 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Google generates enormous profits in the UK. But despite an $18 billion turnover between 2006 and 2011 it paid the equivalent of just $16 million in taxes to the UK government. Google brazenly argues that its tax arrangements in the UK are defensible and lawful. It claimed that its advertising sales take place in Ireland, not in the UK. This argument is deeply unconvincing and has been undermined by information from whistleblowers, including ex-employees of Google. Google also conceded that its engineers in the UK are contributing to product development. The company's highly contrived tax arrangement has no purpose other than to enable the company to avoid UK corporation tax. Google's reputation has been damaged by these revelations of aggressive tax avoidance. That damage will not be repaired until the company arranges to pay its fair share of tax in the country where it earns the profits from the business it conducts. Confidence in HMRC has also been weakened. The tax avoidance activities of multinational companies as a whole are illustrative of a much wider problem. The Government clearly needs to act to strengthen HMRC and to simplify the tax code so that there are fewer loopholes. The Government has declared that it will use its presidency of the G8 to promote the tackling of aggressive tax avoidance. It must be recognized that the public mood on tax avoidance has changed and that the time has come for big UK accountancy firms to advise their clients responsibly

Download or read book Over Here and Undertaxed Multinationals Tax Avoidance and You written by Richard Murphy and published by Random House. This book was released on 2013-02-18 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tax has rocketed to the top of the news agenda. When Amazon, Google and Starbucks were pulled up in front of the Public Accounts Committee, many were stunned at how little corporation tax they paid (if at all) in a time of austerity and government cuts. How can a tax gap of £12 billion be justified, when a CEO can take home $101 million a year? There is a growing realization that maybe we aren't ‘all in this together’, and what are Google's 'Dutch sandwich' and a 'double Irish' anyway? In this 30,000-word ebook Richard Murphy, a highly respected economic commentator and blogger, explains how we came to this situation, its origins and development after the 2008 economic crisis, who the villains of the piece are, and why. But this ebook also seeks answers and Murphy offers concrete and practical solutions in the face of growing public awareness, which politicians and companies will ignore at their peril as taxpayers vote with their feet. Part of the Brain Shots series, the pre-eminent source for high quality, short-form non-fiction.

Download or read book Tax Avoidance written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2013-02-19 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: HMRC estimates that in 2010-11 the tax gap due to avoidance was £5 billion and that the present total tax at risk from avoidance over time is £10.2 billion. There is a proliferation of contrived schemes which exploit loopholes in legislation and abuse available tax relief schemes. Promoters are deliberately taking advantage of the time lag between the launch of a scheme and the closure of the scheme by HMRC. Promoters and providers sign up as many clients as possible before HMRC changes the law and shuts the scheme. They then move on to a new scheme and repeat the process. The complexity of tax law creates opportunities for avoidance, there is no effective deterrent, and HMRC is ineffective in challenging promoters. All too often Government introduces tax incentives to stimulate economic activity that become an opportunity for tax avoidance. Promoters collect their fees even when the schemes are found not to deliver a tax advantage and few schemes are covered by mis-selling regulations. Those who promote a tax avoidance scheme are required to notify HMRC of the scheme however, HMRC does not know how much avoidance is not disclosed but should. It is alarming that some QCs' opinions are being used by promoters as a "reasonable excuse" for non-disclosure which prevents HMRC from applying a penalty. HMRC could learn from how other countries deter and tackle tax avoidance. HMRC should also name and shame those who promote tax avoidance schemes, to harness public opinion and reduce the appetite of companies to promote or use avoidance schemes.

Download or read book The Routledge Companion to Tax Avoidance Research written by Nigar Hashimzade and published by Routledge. This book was released on 2017-10-02 with total page 676 pages. Available in PDF, EPUB and Kindle. Book excerpt: An inherently interdisciplinary subject, tax avoidance has attracted growing interest of scholars in many fields. No longer limited to law and accounting, research increasingly has been conducted from other perspectives, such as anthropology, business ethics, corporate social responsibility, and economic psychology. This was –recently stimulated by politicians, mass media, and the public focussing on tax avoidance after the global financial and economic crisis put a squeeze on private and public finances. New challenges were posed by changing definitions and controversies in the interpretation of tax avoidance concept, as well as a host of new rules and policies that need to be fully understood. This collection provides a comprehensive guide to students and academics on the subjects of tax avoidance from an interdisciplinary perspective, exploring the areas of accounting, law, economics, psychology, and sociology. It covers global as well as regional issues, presents a discussion of the definition, legality, morality, and psychology of tax avoidance, and provides guidance on measurement of economic effect of tax avoidance activities. With a truly international selection of authors from the UK, North America, Africa, Asia, Australasia, Middle East, and continental Europe, with well-known experts and rising stars of the field, the contributors cover the entire terrain of this important topic. The Routledge Companion to Tax Avoidance Research is a ground-breaking attempt to bring together scholarly research in tax avoidance, offering rigorous academic analysis of an important and hotly debated issue in a structured and balanced way.

Download or read book Tax Avoidance and the Law written by Selina Keesoony and published by Taylor & Francis. This book was released on 2022-05-30 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tax Avoidance and the Law is a helpful guide for undergraduate and postgraduate students who want a thorough understanding of this dynamic area of law. The book is written in a way which is easy to follow and conveniently summarises complex case law on tax avoidance. Tax Avoidance and the Law explores the evolution of the UK’s General Anti- Abuse Rule. It provides a useful comparison with other Western jurisdictions’ anti-avoidance legislation, including the United States of America, Australia, New Zealand, South Africa, Canada and the EU. The underlying theme of the book rests on the notion that the taxpayer’s subjective motives, intentions or purposes are irrelevant when assessing tax liability. The book enables students to gain a good grasp of the fundamental issues in tax avoidance in a clear manner.

Download or read book House of Lords Select Committee on Economic Affairs Tackling Corporate Tax Avoidance Is a New Approach Needed HL 48 written by Great Britain: Parliament: House of Lords: Select Committee on Economic Affairs and published by The Stationery Office. This book was released on 2013-07-31 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: The report Tackling Corporate Tax Avoidance In A Global Economy: Is A New Approach Needed? (HL 48) examines the problem of the avoidance of corporation tax by multinational companies. The UK faces a serious problem of avoidance of corporation tax, due in part to the complexity of the tax regime in the UK, but mainly because the international tax system gives multinational companies opportunities to shift profits between countries in ways that reduce their liabilities in the UK. This damages the economy and undermines trust in the tax system. The Committee supports the case for fundamental reform of the international corporate tax framework being pursued in the OECD, but it not clear that the reforms will be effective or whether they can be achieved within the proposed two year timescale. The present system can encourage multinational companies to take on excessive debt in the UK, including by borrowing money from an overseas subsidiary, to reduce

Download or read book Tax Avoidance and Capital Structure written by Alessandro Gabrielli and published by Springer Nature. This book was released on 2023-05-23 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive overview of the implications of tax avoidance for a firm’s capital structure, highlighting the key role played by free cash flow and agency conflicts. First, the book provides an outline of the theories and empirical evidence concerning the role of taxes in the Theory of Capital Structure. It reviews the studies investigating the relationship between agency conflicts and capital structure. The book explores the role of free cash flow and agency conflicts in the relationship between tax avoidance and capital structure. In the final section, the results of an empirical investigation conducted on a sample of U.S. public firms are also presented. The empirical research examines whether and how tax avoidance is associated with debt covenant violation across the stages of the corporate life cycle. Specifically, the research uses the concept of the corporate life cycle stage to analyse whether and how the association between tax avoidance and debt covenant violation varies in different agency settings. Consistent with the hypotheses drawn on the Agency Theory, the findings of the empirical research suggest life cycle stages moderate the association between tax avoidance and debt covenant violation. Overall, this book sheds light on the potential implications of tax avoidance activities for a firm’s capital structure. The book will be of interest to both experienced and early-stage scholars interested in the topic. Moreover, the book will also be of interest to policymakers, investors, analysts, lenders, and other market participants.

Download or read book Legislating Against Tax Avoidance written by Rachel Anne Tooma and published by IBFD. This book was released on 2008 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: Proposes a uniform statutory GAAR for the Federation of Australia, and examines "the experiences of countries with (e.g., Australia, Canada, New Zealand and South Africa) and without (e.g., the United States of America and the United Kingdom) a statutory GAAR"--Page ix.

Download or read book Tax Havens International Tax Avoidance and Evasion written by Jane Gravelle and published by DIANE Publishing. This book was released on 2009 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tax Avoidance and European Law written by Mihaela Tofan and published by Taylor & Francis. This book was released on 2022-06-07 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tax law is one of the legal fields with the most subtle influence on European integration and EU law. The European economic cooperation project emerged with the customs union, essentially a tax law concept, and evolved alongside other topics of tax harmonization. Still, the existence of the EU tax law is disputed. The research on the topic is significant, as the integration of national economies and markets has increased substantially, both within the EU and globally. This has put a strain on domestic tax rules, which are subject to the demands of the international taxation requirements. This book explores the relationship between tax avoidance regulation and sovereignty within the European Union, analyzing the impact of the effective regulatory methods for limiting and eliminating aggressive tax planning by multinational companies. Focusing on analyzing good practice in fiscal regulation efficiency and the results generated by the tax jurisprudence both at national and European level, its main objective is to present the argument for inter-dependency between taxation and the current changes in the concept of sovereignty. It highlights where fiscal regulation has led to uniform, yet flexible, solutions for the actual fight against companies’ abusive fiscal conduct, when taking advantage of tax competition. This text will be of value to academics, researchers, and advanced students in tax law and tax avoidance regulation and their intersection with sovereignty in the context of the European Union.

Download or read book Tax Avoidance written by Rebecca Murray and published by Sweet & Maxwell. This book was released on 2012 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the definitive, annually updated guide to the work of the Takeover Panel. It describes the role and purpose of the Panel, then examines and gives guidance on all the rules, explaining the responsibilities and actions of each party. It is essential reading for anyone active in mergers and acquisitions

Download or read book Tax Avoidance Research written by Antonio De Vito and published by Springer Nature. This book was released on with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Taxation in the Digital Economy written by Nella Hendriyetty and published by Taylor & Francis. This book was released on 2022-07-11 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: A robust and efficient tax administration in a modern tax system requires effective tax policies and legislation. Policy frameworks should cover all aspects of tax administration and include the essential processes of capturing, processing, analyzing, and responding to information provided by taxpayers and others concerning taxpayers’ affairs. By far the greatest challenges facing tax administrations in all countries are those posed by the continuing developments in the digital economy. Whereas societies are grappling to come to terms with the transitions from the third industrial or digital revolutions, revenue authorities grapple with the consequences for the sustainability of their tax bases and the efficient administration and collection of taxes. This book presents a critical review of the status of tax systems in Asia and the Pacific in the era of the digital economy. The book suggests how countries can maximize their domestic resource mobilization when confronted by the challenges that digitalization inevitably produces, as well as how they can best harness or take advantage of aspects of digitalization to serve their own needs. The full implications of the COVID-19 crisis are still too uncertain to predict, but it is clear that the crisis will accelerate the trend towards digitalization and also increase pressures on public finances. This, in turn, may shape the preference for, and the nature of, both multilateral and unilateral responses to the tax challenges posed by digitalization and the need to address them. This book will be a timely reference for those researching on taxation in digital economy and for policy makers.

Download or read book Advanced Googling written by Garrett Wasny, MA, CMC, CITP/FIBP and published by Garrett Wasny, MA, CMC, CITP/FIBP. This book was released on 2014-06-08 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the workbook for Garrett Wasny's Advanced Googling professional development seminar. He delivers the course online and in-person to accountants, lawyers, doctors, engineers, pro sports executives and other elite knowledge workers worldwide. In easy-to-understand and non-techical language, the course and manual explain how to: Customize Google for maximum speed, security and style Utilize productivity-enhancing apps and plug-ins that instantly enhance your Google experience and performance Scan Google with added precision, nuance, speed and confidence Discover literally 10x more information that’s hiding in plain sight on the Google search results page Compose advanced search queries that generate more relevant results Automatically and continuously monitor your operational landscape using free alert and aggregation services Use Google’s new generation of predictive apps that know what you want without you having to ask Use little-known hot-words and commands to uncover concealed Google signals Creatively use language in Google search strings to boost relevancy Transform Google into your backup brain, robot assistant and ambient sidekick Leverage Google hundreds of ways to improve your online research, collaboration and communications in your professional and personal life

Download or read book A Comparative Look at Regulation of Corporate Tax Avoidance written by Karen B. Brown and published by Springer Science & Business Media. This book was released on 2011-12-09 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides a fascinating look at the anti-tax avoidance strategies employed by more than fifteen countries in eastern and western Europe, Canada, the Pacific Rim, Asia, Africa, and the United States. It surveys the similarities and differences in anti-avoidance regimes and contains detailed chapters for each country surveying the moral and legal dimensions of the problem. The proliferation of tax avoidance schemes in recent years signals the global dimensions of a problem presenting a serious challenge to the effective administration of tax laws. Tax avoidance involves unacceptable manipulation of the law to obtain a tax advantage. These transactions support wasteful behavior in which corporations enter into elaborate, circuitous arrangements solely to minimize tax liability. It frustrates the ability of governments to collect sufficient revenue to provide essential public goods and services. Avoidance of duly enacted provisions (or manipulation to secure tax benefits unintended by the legislature) poses a threat to the effective operation of a free society for the benefit of a small group of members who seek the privilege of shifting their tax burden onto others merely to compete in the world of commerce. In a world in which world treasuries struggle for the resources to battle terrorist threats and to secure a decent standard of living for constituents tax avoidance can bring economies close to the edge of sustainability. As tax avoidance is one of the top concerns of most nations, the importance of this work cannot be overstated.

Download or read book Tax Avoidance Fraud Detection and Related Accounting Issues Insights from the Visegrad Group Countries written by Piotr Luty and published by Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu. This book was released on 2022-08-10 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt: Książka powstała przy współudziale naukowców z Polski oraz Czech, w tym także młodych naukowców ze Szkoły Doktorskiej UEW. Omówione w monografii zagadnienia dotyczą teoretycznych aspektów unikania opodatkowania i roli rachunkowości w wykrywaniu oszustw finansowych. Szczególnym jej walorem są rozdziały o charakterze aplikacyjnym, opisujące wykrywanie manipulacji w sektorze najmu oraz ukazujące wpływ zmian systemu prawa podatkowego na występowanie anomalii w kształtowaniu podatku od zysków kapitałowych.

Download or read book Tax Avoidance and Anti Avoidance Measures in Major Developing Economies written by Phyllis Mo and published by Bloomsbury Publishing USA. This book was released on 2003-10-30 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tax avoidance and evasion have an important effect on the economic development of every economy. Developing economies are particularly vulnerable to tax avoidance and evasion due to inadequacies in their institutional framework and the lack of sufficient expertise and resources to monitor the intricacies of this issue. Given the far-reaching effect of revenue losses due to tax noncompliance, many developing countries have undertaken tax reforms to improve their tax administration and implemented various anti-avoidance measures to combat tax evasion. This book provides an overview of recent tax reforms and institutional frameworks of four major developing economies, China, India, Brazil, and Mexico, with a focus on China. Most important, this book investigates the tax avoidance behaviors as well as their anti-avoidance legislation. In particular, this book includes an in-depth empirical study on tax noncompliance behaviors of foreign investors detected by the Chinese tax authorities. The empirical evidence on how tax policy and other corporate factors affect tax avoidance behavior helps public policy makers improve tax compliance through designing legislative and administrative measures. Though the findings pertain to China, the largest developing economy, the results should be a useful reference for other developing countries.