The Treasury Select Committee (TSC) is to investigate corporate tax avoidance amid public pressure for action on companies seen as paying less than their fair share.
Senior executives face the prospect of explaining their companies' tax structures to the committee in the inquiry, the Guardian reports. George Mudie, the Labour MP for Leeds East and the chairman of the Commons Treasury sub-committee, says there is growing public interest in tax avoidance. "When people see their standards of living fall and are paying their tax, and see huge salaries and questions over tax avoidance, then quite rightly they are interested in the issue," he says. Read more...
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