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Quotes of the month

"There is a certain section of civil society that undoubtedly believes that all transparency is good and the more the better. But it has to be remembered that information on, for example, product pricing models can be competitively sensitive, and should be protected as such."

Alan McLean, executive vice president of taxation and corporate structure at Shell, sounds a note of caution in the tax transparency debate.

"Guernsey is ahead of the curve and we look forward to other jurisdictions stepping up to the mark so that we can help create a level playing field on beneficial ownership."

Fiona Le Poidevin, chief executive of Guernsey Finance, raises the bar by thinking outside the box and digging down to break the world record for number of PR clichés in one sentence.

"Some high profile digital companies have indulged in BEPS strategies... [But this] does not make the digitised economy itself a cause of BEPS, but [the OECD] has yet to take the sensible step of entirely decoupling the subjects."

Glynn Fullelove, group director of tax at Informa, urges clarity in discussions of the OECD approach to tackling the tax challenges associated with the digital economy.

"Over half of the Conservative party's funding comes from the financial sector and our worry is that [UK Chancellor, George] Osborne is defending the city against the wider interests of Britain."

Simon Chouffot, of the Robin Hood Tax campaign, airs his fears in relation to progress on a European financial transaction tax.
more across site & bottom lb ros

More from across our site

Mauro Faggion appeared cautiously optimistic as the European Commission waits to see whether all 27 member states will accept its proposal.
The global minimum rate also won’t entirely stop a race to the bottom, according to a tax director speaking at an ITR conference in London.
The country’s tax authorities are not interested in seeing transfer pricing studies any more, it was claimed at an ITR industry conference in London.
The controversial measure is being watered down after criticism from the European Central Bank.
More than 600 such requests were made in 2022, while HMRC has also bolstered its fraud service, it has been revealed.
The General Court reverses its position taken four years ago, while the UN discusses tax policy in New York.
Discussion on amount B under the first part of the OECD's two-pronged approach to international tax reform is far from over, if the latest consultation is anything go by.
Pillar two might be top of mind for many multinational companies, but the huge variations between countries’ readiness means getting ahead of the game now, argues Russell Gammon, chief solutions officer at Tax Systems.
ITR’s latest quarterly PDF is going live today, leading on the looming battle between the UN and the OECD for dominance in global tax policy.
Company tax changes are central to the German government’s plan to revive the economy, but sources say they miss the mark. Ralph Cunningham reports.