The Public Accounts Committee in the British Parliament has issued a critical report blaming large accounting firms, particularly the Big Four, for contributing to tax avoidance.
“Confidence in our tax system can only be maintained if every company and every individual is seen to be paying their fair share of tax,” said Friday’s report from the House of Commons committee. “We held hearings last year to investigate why some multinational companies pay little corporation tax despite doing a large amount of business in the UK, and why some individuals can get away with using contrived schemes to avoid tax. We are also concerned about the role of tax advisors and in January 2013 we took evidence from Deloitte, Ernst and Young, KPMG, and PwC to understand more about the nature of the tax advice they provide.”
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