A year of drift on offshore secrecy

A year of drift on offshore secrecy

Last week’s Budget underscored the government’s struggles to balance the books without raising taxes or cutting services. Yet one source of lost revenue – offshore tax evasion – remains persistently under-policed and under-discussed. It appeared...
State of Tax Administration 2025

State of Tax Administration 2025

Full report HMRC is under pressure. Generational demands on key areas of public spending from defence to social care to special educational needs; a Treasury adhering to strict fiscal rules on borrowing; and a government struggling to minimize breaches of its...
Under threat

Under threat

For a PDF version of this briefing, click here Executive summary Large online businesses – search engines, online retail platforms, social media – can generate revenues from users and customers while having limited or no taxable presence where those users and...