January 24, 2013 8:37 AM Subscribe
Is UK Prime Minister David Cameron being hypocritical when he talks about cracking down on tax avoiding companies domiciling within the EU? Surely the UK offers low tax incentives too that could be classed as facilitating tax avoidance?
posted by guy72277 to Work & Money (2 answers total) 1 user marked this as a favorite
At the Davos WEF, David Cameron is talking about
clamping down on tax avoidance (not evasion) by companies selling products and services to the UK but being based in another EU country for tax purposes (like Starbucks is based in the Netherlands and Amazon is based in Luxembourg). This agenda is likely driven by the UK Uncut
movement which is seeking to highlight alternatives to the UK government's spending cuts.
I'm interested in how could this be viewed as hypocritical. I think I should look into "non dom status" and perhaps British dependent territories that are used as low tax havens. Are these legitimate avenues to explore, and what other areas should I investigate?