Margaret Hodge MP, chair of the House of Commons Public Accounts Committee (PAC), hauled Google, Amazon and Starbucks over the hot coals earlier this month for avoiding UK taxes. She tells Salman Shaheen how transparency measures such as country-by-country reporting and FATCA can be used to ensure companies pay their fair share of tax, and calls for HMRC to step up its game.
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Ireland’s Department of Finance reported increased income tax, VAT and corporation tax receipts from 2024; in other news, it’s understood that HSBC has agreed to pay the French treasury to settle a tax investigation
The EU has seemingly capitulated to the US’s ‘side-by-side’ demands. This may be a win for the US, but the uncertainty has only just begun for pillar two