This content is from: Transfer Pricing

PAC report makes an example of PwC and urges HMRC to take a more active role in challenging tax arrangements

The Public Accounts Committee (PAC) released a report on tax avoidance, focusing primarily on tax arrangements between pharmaceutical company Shire and PwC. PAC’s insistence on making an example of PwC throughout the report shows the government has no qualms about publicly naming and shaming advisers.

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