Global Tax 50 2014: George Osborne

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Global Tax 50 2014: George Osborne

UK chancellor of the exchequer

George Osborne

George Osborne is a new entry this year

David Cameron's position in the Global Tax 50 2013 in the year the UK hosted the G8 presidency could easily have been a joint entry for Cameron and Osborne, but this year the tables have turned and it is the chancellor who has the UK Cabinet bragging rights by being included in the top 10 of the Global Tax 50 2014. An important voice in any global issue, the UK has driven forward themes of international tax transparency in 2014, and this is the area Osborne first focuses on when asked about his achievements.

"Britain has led the way in promoting greater tax transparency," Osborne tells International Tax Review's Matthew Gilleard, saying that this year's influence was built on the back of the work achieved in 2013 when the country held the G8 presidency.

"We used our G8 presidency to call for a common template for multinationals to report profit and tax information, which all G20 and OECD member countries agreed to adopt earlier this year."

"Since then we have made significant progress towards creating a simple, fair and competitive international tax system," he adds, alluding to progress made on removing beneficial ownership opacity and new reporting rules for extractive companies, as well as the UK's support for the BEPS project through the G20.

"We have seen concrete achievements on reforming the international tax rules, so individuals can't hide their money offshore and companies don't shift their profits away from where the profit is made."

Despite accusations of mixed messages, Osborne has also been a shining example of how to balance competitive tax policy with an anti-avoidance message, saying his stance is consistent and clear: "Low taxes; but taxes that will be paid".

For 2015, the chancellor says supporting timely delivery of BEPS actions will be a priority, to ensure the progress made in recent years leads to meaningful and implementable solutions.

"I want to maintain this momentum and will continue to support measures to counter BEPS through working with the G20 and OECD."

It is unclear how the chancellor's proposed diverted profits tax (DPT), or Google tax, is going to fit with BEPS deliverables. Unilateral action is not what the OECD wants, but if others follow Osborne's lead in 2015, the DPT move could reinforce his influence even further.

The Global Tax 50 2014

View the full list and introduction

Gold tier (ranked in order of influence)

1. Jean-Claude Juncker  2. Pascal Saint-Amans  3. Donato Raponi  4. ICIJ  5. Jacob Lew  6. George Osborne  7. Jun Wang  8. Inverting pharmaceuticals  9. Rished Bade  10. Will Morris


Silver tier (in alphabetic order)

Joaquín AlmuniaAppleJustice Patrick BoyleCTPAJoe HockeyIMFArun JaitleyMarius KohlTizhong LiaoKosie LouwPierre MoscoviciMichael NoonanWolfgang SchäubleAlgirdas ŠemetaRobert Stack


Bronze tier (in alphabetic order)

Shinzo AbeAlberto ArenasPiet BattiauMonica BhatiaBitcoinBonoWarren BuffettECJ TranslatorsEurodadHungarian protestorsIndian Special Investigation Team (SIT)Chris JordanArmando Lara YaffarMcKessonPatrick OdierOECD printing facilitiesPier Carlo PadoanMariano RajoyNajib RazakAlex SalmondSkandiaTax Justice NetworkEdward TroupMargrethe VestagerHeinz Zourek

more across site & shared bottom lb ros

More from across our site

Reckitt Benckiser is to divest its Essential Home business, which includes more than 70 brands, to private equity firm Advent International
In the first of a new series of weekly opinion pieces, ITR Editor Tom Baker reflects on the OECD’s attempts to sanitise the US’s brazen pillar two negotiations
The threat of 50% tariffs on Brazilian goods coincides with new Brazilian legal powers to adopt retaliatory economic measures, local experts tell ITR
The country’s chancellor appears to have backtracked from previous pillar two scepticism; in other news, Donald Trump threatened Russia with 100% tariffs
In its latest G20 update, the OECD also revealed tense discussions with the US where the ‘significant threat’ of Section 899 was highlighted
The tax agency has increased compliance yield from wealthy individuals but cannot identify how much tax is paid by UK billionaires, the committee also claimed
Saffery cautioned that documentation requirements in new government proposals must be limited if medium-sized companies are not exempted from TP
The global minimum tax deal is not viable without US participation, Friedrich Merz has argued
Section 899 of the ‘one big beautiful’ bill would have spelled disaster for many international investors into the US, but following its shelving, attention turns to the fate of the OECD’s pillars
DLA Piper’s co-head of tax for the US and Latin America tells ITR about her fervent belief in equal access to the law, loving yoga, and paternal inspirations
Gift this article