Five things we’d like to see in the Budget

Five things we’d like to see in the Budget

Commentary on the Burnham government’s first budget is likely to be dominated by big-ticket changes to tax policy: broadly speaking, what taxes, and at what rates, should apply to different kinds of income and people. That’s as it should be. Getting the shape of our...
Private justice, public loss

Private justice, public loss

  A UK company which forms part of one of the world’s largest oil trading multinationals is paying 80 percent of its profits to another part of the multinational in the low-tax Swiss canton of Zug — shrinking its taxable profits in the UK. Our new...
Private justice, public loss

Private justice, public loss

Full report Executive summary A UK company which forms part of one of the world’s largest oil trading multinationals, and which handles much of its oil trading business, has since 2009 been paying four-fifths of its operating profits to a related company in the Swiss...
Big corporates: tax heroes or tax sinners?

Big corporates: tax heroes or tax sinners?

Today the National Audit Office (NAO) publishes its first assessment in over a decade of how effectively HMRC is chasing the missing tax revenues of Britain’s biggest companies. TaxWatch was pleased to give evidence to the NAO’s enquiry, whose headline...