By John Donovan
The lead article in The Sunday Times Business section today (authored by Simon Duke and David Smith) says that Britain is at the forefront of a crackdown on corporate tax avoidance – a blitz on tax avoidance by multinationals.
The UK Treasury is planning a consultation on forcing multinationals like Royal Dutch Shell to declare how much tax they pay in every country in which they operate.
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Country by Country reporting would introduce greater transparency into the complex structures used by big companies to minimise their tax liabilities…