Mps call for crackdown on corporate avoidance
MPs and Lords called for a crackdown on corporate tax avoidance yesterday in response to an exposé in The Guardian revealing Tesco's elaborate corporate structure, involving offshore tax havens which enables the retailer to avoid tax payments of what could be up to £1bn of tax on profits from the sale of its UK properties.
MPs today debated tax avoidance, with MPs suggesting different ways in which the Government would act to increase the amount of revenue being collected by HMRC.