EU leaders have been urged to help take action on extreme corporate tax avoidance schemes by large corporations at the latest EU summit. Although such practices are entirely legal in nature David Cameron is seeking to point out in Brussels that the judgements made by large corporations have a lasting impact on their own shareholders and society at large.
It is not a moralising situation but rather an opportunity for politicians and large multi-nationals to engage in conversation about how best to solve the current crisis and manage the issue into the future.
International ties have also been sighted as the way forward for the UK, Germany, France, Spain and Italy in particular. The G8 and EU should also report what tax is paid by companies according to Mr Cameron.
Overall a ‘sharing of information’ direction is what is being proposed with stronger connections between government and business across the EU.
Now that tax avoidance has become such a hot issue in terms of the practices of large-scale corporate tax planning it remains to be seen how effectively the new far-reaching ideas will work when put in place.
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Ricky worked as an Investigator in the Inland Revenue for over 20 years before founding Steedman & Company in 1987, giving him the experience and knowledge that enabled him to help so many clients over the years.
His appearance on a Channel 4 television programme about the inside workings of Revenue and Customs was watched by 4.1m which sealed his status as one of the most highly respected tax consultants to ever work in Scotland.
Ricky led all tax investigation and COP 9 cases, using his extensive knowledge to help people reach a positive resolution to their situation.
Ricky passed away suddenly and unexpectedly in June 2022 after leaving his indelible mark on the company he founded and headed for over 35 years.