Forum Topic

Even though I work in this field (of researching companies which avoid tax ) I don't want to become Acton's hectorer-in-chief. In the end my view is to get the facts out there and then people can make their own minds up. That said - its important to get the facts as clear as possible and one of the things that people like Amazon, Starbucks etc always say is that "they provide jobs" and we should be grateful for that and that is contribution enough. Its a classic defence of tax avoidance. The problem its also paper-thin.There is actually plenty of evidence that shows that when companies avoid tax - the money  ends up in the pockets of the CEO, staff bonuses and shareholders etc. A very recent US study for example, revealed the companies paying the most tax were generally the ones that created most jobs - not the tax avoiding companies.Overall there is a long-term trend for large businesses to pay less and less tax. And it raises serious questions about the role businesses play in society.  At the moment Amazon, Starbucks etc are perfectly happy to use (indeed need) the infrastructure the UK provides to do business (eg roads, power grids, transport systems etc) But they are pretty much refusing to help pay for it - except through the tax paid by their employees.And that doesn't seem right. (PS - I should say at this point all views are my own!)PPS. Forbes magazine is one US view about tax avoidance. For another totally alternative view read this editorial in the NY Times. http://www.nytimes.com/2013/05/26/opinion/sunday/a-is-for-avoidance.html

Richard Grange ● 4661d