Did a quick search and two refs to avoid, one in context of non payment of VAT or income tax . But masses on tax crime and corruption. Also this table, which looks focused on crime.pic.twitter.com/VEDxU1s9Yj
Business and sustainable development. Accountability. Tax. Feminist test case. Media: Tom Gardner at Slater & Gordon 0207 657 1690 press@slatergordon.co.uk
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Did a quick search and two refs to avoid, one in context of non payment of VAT or income tax . But masses on tax crime and corruption. Also this table, which looks focused on crime.pic.twitter.com/VEDxU1s9Yj
Man I feel bad now. I was just enjoying the idea that those criteria might be applied equally, bringing multinationals' tax manipulations into scope. Sigh.
As I’ve said about thirty times, profit shifting and tax evasion are different problems with different solutions. Nobody benefits from muddling them. The authors of this report understand that. You don’t.
Which is why the report doesn't "highlight multinational abuse", or discus it at all. You misunderstood it, which is fine, but your refusal to admit that is weird.
Dan, I don't suppose you really imagine I thought that. My alternate tweet was the one showing zero on a text search for "multinational", but this made me chuckle more
I have no idea what you think. If you really believe the £25bn nonsense you put out this morning then anything’s possible.
I don't really know where the aggression comes from Dan, but if you do want to understand the £25bn estimate, it's fairly straightforward - /
Dr Katarzyna Habu, an international research fellow at the University of Oxford's Centre for Business Tax (founded by ftse100 tax directors, so not natural supporters of #taxjustice), had the first access to HMRC dataset of corporate tax returns - /
Dr Habu used a propensity matching approach to compare the behaviour of domestic standalone companies, and (similar size, industry) subsidiaries of foreign multinationals - /
The results were clear, and striking: that subsidiaries of foreign multinationals declared only 50% of the profits that they would be expected to, as domestic standalones - with a potential revenue impact of £25bn (assuming no behavioural change)
Maya Forstater Retweeted Helen Miller
As @HelenMiller_IFS noted earlier, the conclusion of that study depend alot on how the finding on the subsids with zero profits are interpretedhttps://twitter.com/HelenMiller_IFS/status/1054359712693653505 …
Maya Forstater added,
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